Author name: Peter

Former CTO Exposes Covert Diversion of Billions by FTX CEO In a compelling account given to federal prosecutors on Friday, Gary Wang, the co-founder of FTX, made shocking allegations against CEO Sam Bankman-Fried. According to Wang, Bankman-Fried secretly redirected billions of dollars from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang […]

Gold has been experiencing a downswing this week, reaching a six-and-a-half month low. However, the yellow metal found some modest support due to lower Treasury yields, the possibility of another US government shutdown, and concerns about the Chinese economy. Despite this, upcoming announcements and data releases are expected to cause further decline in the gold

Gold prices slipped yesterday as the Federal Open Market Committee (FOMC) concluded their September meeting, maintaining rates at a 22-year high. The committee's decision signaled that another rate hike would occur before the end of the year. Additionally, the FOMC revised its projection for 2024 rates, increasing them from 4.6% to 5.1%. As a result,

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