Indian Rupee ticks up as centre hikes import duty on Gold and Silver to 15%

Billionaire investor Ray Dalio has sparked debate by arguing that bitcoin has failed to establish itself as a reliable safe-haven asset compared to gold. Dalio: Bitcoin Too Small to Rival Gold In a jab likely to rankle the crypto community, Bridgewater Associates founder and billionaire Ray Dalio noted that bitcoin has struggled to fulfil its […]

The post India Hikes Import Tariffs On Gold And Silver To 15%, Impacting Consumers And Industry appeared on BitcoinEthereumNews.com. India Hikes Import Tariffs On Gold And Silver To 15%, Impacting Consumers And Industry Skip to content Home Forex News India Hikes Import Tariffs on Gold and Silver to 15%, Impacting Consumers and Industry Source: https://bitcoinworld.co.in/india-gold-silver-import-tariff-hike-15-percent/

Geopolitical tensions and energy disruptions may drive investors towards Bitcoin and silver as inflation hedges, impacting global markets. The post Strait of Hormuz closure boosts Bitcoin, silver appeal amid inflation fears appeared first on Crypto Briefing.

The post Gold edges higher despite hotter US inflation, Trump–Xi summit in focus appeared on BitcoinEthereumNews.com. Gold price (XAU/USD) trades with mild gains near $4,720 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited due to hotter-than-expected US inflation and shifting geopolitical tensions. Traders will take more cues from the US April Producer Price Index (PPI) report, which is due later on Wednesday.  Data released by the Bureau of Labor Statistics on Tuesday showed that the US Consumer Price Index (CPI) climbed 3.8% YoY in April, compared to 3.3% in March. This figure came in hotter than the expectation of 3.7% and registered the highest since May 2023.  On a monthly basis, the headline CPI rose 0.6% in April versus 0.9% prior, matching analysts’ estimate. Meanwhile, the core CPI, which excludes volatile food and energy prices, rose 0.4% and 2.8% on a monthly and yearly basis, respectively. Following the hot U

The post Ray Dalio: Why Bitcoin Has Not Lived Up to Its Safe-Haven Reputation appeared on BitcoinEthereumNews.com. TLDR: Dalio warns Bitcoin’s publicly visible transactions make it an unsuitable reserve for central banks. Bitcoin’s high correlation with tech stocks weakens its role as a hedge during market downturns. Investors tend to sell Bitcoin first when under portfolio pressure, reducing its safe-haven appeal. Gold’s centuries-old track record and broad institutional ownership keep it ahead of Bitcoin globally. Bitcoin has yet to establish itself as a genuine safe-haven asset, according to Bridgewater founder Ray Dalio. The veteran investor pointed to the cryptocurrency’s lack of privacy and the potential for transaction monitoring. He also cited its high correlation with technology stocks during periods of market stress. Dalio argued that gold holds a more central and trusted role in the global financial system. His remarks come as debate over Bitcoin’s place in global portfolios

The post Gold Under Pressure As Hotter US Inflation, Rising Treasury Yields Boost Dollar appeared on BitcoinEthereumNews.com. Gold Under Pressure As Hotter US Inflation, Rising Treasury Yields Boost Dollar Skip to content Home Forex News Gold Under Pressure as Hotter US Inflation, Rising Treasury Yields Boost Dollar Source: https://bitcoinworld.co.in/gold-under-pressure-us-inflation-treasury-yields-dollar/

The post Indian Rupee: India weighs FX defence as Oil rises – BNY appeared on BitcoinEthereumNews.com. BNY’s Bob Savage reports India is considering emergency steps to protect foreign exchange reserves as higher Oil prices widen the current account deficit. Measures under discussion include fuel price hikes, import restrictions on Gold and electronics, and tighter hedging rules. The Reserve Bank of India (RBI) has already intervened to stabilise the Indian Rupee (INR) after it hit a record low, with reserves near $691bn. Policy toolkit aimed at Rupee stability “India is considering emergency measures to protect foreign exchange reserves amid rising oil prices and a widening current account deficit.” “Proposed steps include hiking fuel prices for the first time since the Iran conflict began, restricting non-essential imports such as gold and electronic goods, and encouraging public fuel conservation.” “Prime Minister Narendra Modi has urged citizens to avoid gold purchases for a year an

The post VanEck sets Bitcoin price target for end of 2026 appeared on BitcoinEthereumNews.com. With Bitcoin (BTC) price having underperformed Gold (XAU) and the broader United States stock market in 2026, Matthew Sigel, the head of digital assets research at VanEck, has made a bold prediction. Bitcoin price could hit $160,000 if it reclaims its all-time high relative to gold, Sigel said. The prediction, analyzed by Finbold on May 12, is based on the BTC/XAU pair recovering to 35x, its previous peak, from its current level of 17.1x. Bitcoin / Gold Cross. US Stock Market Cap / GDP. Source: X Sigel highlighted that Bitcoin is cheap, as it has not followed the broader U.S. stock market. Furthermore, the ratio of the U.S. stock market cap and the country’s gross domestic product (GDP) recently rebounded to an all-time high (ATH). As such, Sigel suggested that BTC price could easily surge beyond his target, since the prediction is pegged on the flagship coin catching up to where equities are