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A portfolio manager and member of Blackrock’s Global Allocation Fund says gold is now a less effective hedge against inflation as well as moves in other assets such as stocks. In comments that appear to undercut the precious metal’s renowned status, Russ Koesterich claims that “gold’s ability to hedge against inflation has been somewhat exaggerated.” … Read more
Indian doctors have warned that the sale of unauthorized Covid-19 vaccines on the black market, where vendors ask for bitcoin as payment, is illegal. According to the doctors, the unsanctioned marketing of the vaccine to the elite is prevalent in the state of Karnataka. Some doctors say the Indian government must intervene by tracking down … Read more
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations. US Treasury Warns of Ransomware Attacks, Phishing Schemes Targeting Covid-19 Vaccine Research Institutions According to the alert, FinCEN says that fraud, ransomware attacks, and “similar types … Read more
Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus. The price of one ounce of fine gold is valued at $1,770 per unit after the precious metal registered the third straight weekly loss in a row. … Read more
The recent announcement by Pfizer of a potential Covid-19 vaccine sparked an immediate rally of global stocks worst hit by the pandemic response. The rally helped major indices including the New York Stock Exchange (NYSE) Composite Index and Europe’s Stoxx to go up by approximately 4%. Bitcoin’s Decoupling On the other hand, stocks that benefited … Read more
