Gold, Silver Rally While Bitcoin Lags; Barnes & Noble Expands
Bloomberg PodcastsDecember 24, 20251 min441 views
9 connectionsΒ·13 entities in this videoβPrecious Metals Surge
- π₯ Gold reached an all-time high above $4,500 per ounce, driven by escalating tensions in Venezuela and anticipation of U.S. rate cuts.
- π Gold has gained nearly 70% this year, while silver has surged by almost 150%, surpassing $71 per ounce for the first time.
- π Both gold and silver are on track for their best annual performance since 1979.
Bitcoin's Stagnation
- π Bitcoin is trading around $87,000, largely stagnant within the $85,000 to $90,000 range.
- β οΈ The cryptocurrency is down approximately 30% since October and is heading for its worst quarterly performance since Q2 2022.
Barnes & Noble Expansion
- π Bookselling giant Barnes & Noble plans to expand in 2026, marking a reversal after over 15 years of declining store numbers.
- πͺ The company, facing competition from Amazon, is scheduled to open 60 new stores with leases confirmed in nine states and Washington D.C.
- π This expansion follows a period of strong sales for Barnes & Noble.
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Whatβs Discussed
GoldSilverBitcoinPrecious MetalsCryptocurrencyUS Interest RatesVenezuela TensionsBarnes & NobleRetail ExpansionAmazon Competition
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