Gold rate, Bitcoin price prediction: Rich Dad Poor Dad author Robert Kiyosaki makes jaw-dropping claims
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THE END is HERE:
WHAT if you threw a party and no one showed up?
That is what happened yesterday.
The Fed held an auction for US Bonds and no one showed up.
So the Fed quietly bought $50 billion of its own fake money with fake money.
The party is over. Hyperinflation is… undefined Robert Kiyosaki (@theRealKiyosaki) May 21, 2025
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"Rich Dad Poor Dad" author Robert Kiyosaki has predicted that prices of assets like cryptocurrency, gold, and silver are to go up. Taking to 'X' (formerly Twitter), Kiyosaki claimed that Gold is set to hit $25,000-mark. He also predicted that Bitcoin price is poised to go up to $500K to $1 million. Bitcoin was trading at about $111,000 on Thursday morning — a new record. That price gives it a market cap of more than $2 trillion, or about the same as Amazon. Gold price on Thursday fell as the U.S. dollar strengthened and investors booked profits after prices touched a two-week high earlier in the session."Good news. Gold will go to $25,000. Silver to $70. Bitcoin to $500 k to $1 million," Kiyosaki tweeted.Bitcoin, at times, trades in a similar fashion to tech stocks and other assets that rise in value when investor sentiment is high. Crypto market participants often point to increased involvement from traditional financial firms as reasons for its gains.This week they have referenced JPMorgan CEO Jamie Dimon, a long term crypto sceptic, saying its clients can buy bitcoin and crypto exchange Coinbase being added to the S&P 500 this month as being contributing factors.Spot gold was down 0.6 per cent at $3,295.21 an ounce, by 1216 p.m. ET (1616 GMT). Prices reached their highest level since May 9 earlier in the session before falling more than 1 per cent. Gold has recorded gains in the previous three sessions. U.S. gold futures also fell 0.6 per cent to $3,294.90.A1. Owner of 'Rich Dad Poor Dad' is Robert Kiyosaki.A2. Bitcoin was trading at about $111,000 on Thursday morning — a new record.
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Economic Times
an hour ago
- Economic Times
US Stock market today: Dow flat, S&P 500 edges up, Nasdaq climbs as US-China trade talks continue and investors await key inflation data
US Stock Market Today finds Wall Street holding its breath as US-China trade talks stretch into a second London session. The Dow sits flat, the S&P 500 inches up 0.2 percent, and the Nasdaq gains 0.3 percent, with traders hungry for any hint of progress on rare-earth access and tariff relief. A surprise dip in Chinese shares reminds everyone how fragile sentiment remains. Meanwhile, America's small-business optimism just posted its first jump since September, yet inflation jitters loom large. All eyes now turn to Wednesday's May CPI report, poised to clarify price pressures and shape the market's next decisive move in coming days. Stock market today steadies; Dow flat, S&P 500 up 0.2%, Nasdaq gains 0.3% as investors monitor US-China trade talks in London and brace for Wednesday's May CPI release that could redefine inflation expectations and guide Wall Street's next move closely. Tired of too many ads? Remove Ads Market Summary Dow Jones : Essentially flat—hovering near unchanged, with a slight dip of around 0.05%–0.1% in early session trading. : Essentially flat—hovering near unchanged, with a slight dip of around 0.05%–0.1% in early session trading. S&P 500 : Up about 0.1%–0.17%, edging higher as markets remain just ~2% below record highs. : Up about 0.1%–0.17%, edging higher as markets remain just ~2% below record highs. Nasdaq Composite: Gaining between 0.2%–0.3%, led by semiconductors, driven by optimism over potential easing of chip export restrictions. Energy (+1.7%) and Communication Services (+0.9%) are among the top-performing sectors. (+1.7%) and (+0.9%) are among the top-performing sectors. Semiconductors rally—Qualcomm, AMD, Synopsys each gained over 4%, iShares Semiconductor ETF up ~2.4%. Tesla : +2.4% to +2.6%, continuing strong performance. : +2.4% to +2.6%, continuing strong performance. McDonald's : down ~1.4%, after a 'sell' downgrade. : down ~1.4%, after a 'sell' downgrade. Insmed: +27.7%, after positive drug trial results. Tired of too many ads? Remove Ads Market Outlook Near-term cautious optimism : Investors are hoping trade talks yield progress, but remain vigilant ahead of inflation data. : Investors are hoping trade talks yield progress, but remain vigilant ahead of inflation data. Tech dominance continues : Semiconductor and tech stocks dominate gains amid talk of easing export controls. : Semiconductor and tech stocks dominate gains amid talk of easing export controls. Volatility ahead: Inflation reports could trigger sharp moves—either pushing markets higher or sparking a pullback. Why are US-China trade talks causing the stock market to tread water? What did the Dow, S&P 500, and Nasdaq do today? Dow Jones Industrial Average (DJI): Little changed S&P 500 (GSPC): Gained 0.2% Nasdaq Composite (IXIC): Rose 0.3% Is small business optimism showing any improvement? What are markets watching next — and why does CPI matter so much? Tired of too many ads? Remove Ads Are markets ready for another round of volatility? FAQs: US stock markets showed little movement on Tuesday as investors paused to assess the progress of US-China trade talks, which entered their second day in London. The Dow Jones Industrial Average (DJI) hovered flat, the S&P 500 inched up by 0.2%, and the Nasdaq Composite gained 0.3%, led by tech market is cautiously watching for any signs of a breakthrough as trade negotiators revisit several sticking points. While early reports suggested positive momentum, uncertainty still hangs over the outcome — especially with global growth and inflation already under ongoing US-China trade talks resumed Tuesday in London following an upbeat first meeting on Monday. A key priority for the US is securing better access to China's rare earth minerals, which are vital to tech manufacturing. But negotiators are walking a tightrope — key issues remain unresolved, including intellectual property rights and market access rules that have long fueled tensions between the two global are still on edge after years of unpredictable trade policy swings under former President Trump, whose tariffs and threats repeatedly jolted markets. 'China's not easy,' Trump said Monday, even as White House aides hinted that the talks were going markets didn't share the optimism. On Tuesday, Chinese stocks fell sharply just before the London meeting resumed. The sudden drop highlighted the fragile mood among investors. 'The market is too sensitive,' said Fu Shifeng, investment director at Cheng Zhou Investment, in a Bloomberg interview. 'People seem to be speculating that the talks didn't go well.'Here's how the major indexes performed by the end of Tuesday's session:While the gains were modest, the direction was positive, showing investors aren't panicking — just waiting. The tech-heavy Nasdaq continued to benefit from steady interest in high-growth companies, while broader markets stayed a separate piece of economic data released Tuesday added a glimmer of hope. The NFIB Small Business Optimism Index showed its first rise since September, signaling some renewed confidence among small firms. Business owners said the easing of trade tensions with China had helped stabilize optimism is still mixed. The survey also noted growing concerns around the tax-and-spending proposals coming from Washington. The size of the proposed federal spending bill has raised fears about rising deficits and long-term economic risks, potentially offsetting any positive trade next big moment for markets comes Wednesday when the May Consumer Price Index (CPI) report drops. This inflation update will offer the latest look at how much prices are rising — and whether price pressures are cooling off or heating up expect the CPI to show an acceleration in inflation last month, which could influence how investors react to any trade deal. If inflation comes in hot, it could complicate the Federal Reserve's interest rate path — and make stocks more volatile, especially with so many global uncertainties already in now, traders are in a wait-and-see mode. The outcome of the US-China trade talks, combined with Wednesday's CPI release, could set the tone for the rest of the week. A breakthrough in trade would likely push stocks higher. But weak progress or a surprise spike in inflation could bring renewed recent swings in global indexes, and Chinese stocks dipping unexpectedly, no one is assuming smooth sailing ahead. Investors will be watching every statement and number closely.A. Wall Street is mostly flat as traders watch US-China trade talks and wait for the May CPI numbers.A. A rare-earth deal and tariff relief could calm supply fears, boost growth hopes, and lift key indexes.
Time of India
an hour ago
- Time of India
US Stock market today: Dow flat, S&P 500 edges up, Nasdaq climbs as US-China trade talks continue and investors await key inflation data
US Stock Market Today: Wall Street Stalls as US-China Trade Talks Continue, Investors Await Inflation Data- US stock markets showed little movement on Tuesday as investors paused to assess the progress of US-China trade talks, which entered their second day in London. The Dow Jones Industrial Average (DJI) hovered flat, the S&P 500 inched up by 0.2%, and the Nasdaq Composite gained 0.3%, led by tech stocks. The market is cautiously watching for any signs of a breakthrough as trade negotiators revisit several sticking points. While early reports suggested positive momentum, uncertainty still hangs over the outcome — especially with global growth and inflation already under pressure. Market Summary Dow Jones : Essentially flat—hovering near unchanged, with a slight dip of around 0.05%–0.1% in early session trading. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. S&P 500 : Up about 0.1%–0.17%, edging higher as markets remain just ~2% below record highs. Nasdaq Composite : Gaining between 0.2%–0.3%, led by semiconductors, driven by optimism over potential easing of chip export restrictions. Sector Highlights: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Energy (+1.7%) and Communication Services (+0.9%) are among the top-performing sectors. Semiconductors rally—Qualcomm, AMD, Synopsys each gained over 4%, iShares Semiconductor ETF up ~2.4%. Notable Movers: Tesla : +2.4% to +2.6%, continuing strong performance. McDonald's : down ~1.4%, after a 'sell' downgrade. Insmed : +27.7%, after positive drug trial results. Live Events Market Outlook Near-term cautious optimism : Investors are hoping trade talks yield progress, but remain vigilant ahead of inflation data. Tech dominance continues : Semiconductor and tech stocks dominate gains amid talk of easing export controls. Volatility ahead : Inflation reports could trigger sharp moves—either pushing markets higher or sparking a pullback. Why are US-China trade talks causing the stock market to tread water? The ongoing US-China trade talks resumed Tuesday in London following an upbeat first meeting on Monday. A key priority for the US is securing better access to China's rare earth minerals, which are vital to tech manufacturing. But negotiators are walking a tightrope — key issues remain unresolved, including intellectual property rights and market access rules that have long fueled tensions between the two global giants. Investors are still on edge after years of unpredictable trade policy swings under former President Trump, whose tariffs and threats repeatedly jolted markets. 'China's not easy,' Trump said Monday, even as White House aides hinted that the talks were going well. Chinese markets didn't share the optimism. On Tuesday, Chinese stocks fell sharply just before the London meeting resumed. The sudden drop highlighted the fragile mood among investors. 'The market is too sensitive,' said Fu Shifeng, investment director at Cheng Zhou Investment, in a Bloomberg interview. 'People seem to be speculating that the talks didn't go well.' What did the Dow, S&P 500, and Nasdaq do today? Here's how the major indexes performed by the end of Tuesday's session: Dow Jones Industrial Average (DJI): Little changed S&P 500 (GSPC): Gained 0.2% Nasdaq Composite (IXIC): Rose 0.3% While the gains were modest, the direction was positive, showing investors aren't panicking — just waiting. The tech-heavy Nasdaq continued to benefit from steady interest in high-growth companies, while broader markets stayed cautious. Is small business optimism showing any improvement? Interestingly, a separate piece of economic data released Tuesday added a glimmer of hope. The NFIB Small Business Optimism Index showed its first rise since September, signaling some renewed confidence among small firms. Business owners said the easing of trade tensions with China had helped stabilize sentiment. However, optimism is still mixed. The survey also noted growing concerns around the tax-and-spending proposals coming from Washington. The size of the proposed federal spending bill has raised fears about rising deficits and long-term economic risks, potentially offsetting any positive trade news. What are markets watching next — and why does CPI matter so much? The next big moment for markets comes Wednesday when the May Consumer Price Index (CPI) report drops. This inflation update will offer the latest look at how much prices are rising — and whether price pressures are cooling off or heating up again. Analysts expect the CPI to show an acceleration in inflation last month, which could influence how investors react to any trade deal. If inflation comes in hot, it could complicate the Federal Reserve's interest rate path — and make stocks more volatile, especially with so many global uncertainties already in play. Are markets ready for another round of volatility? For now, traders are in a wait-and-see mode. The outcome of the US-China trade talks, combined with Wednesday's CPI release, could set the tone for the rest of the week. A breakthrough in trade would likely push stocks higher. But weak progress or a surprise spike in inflation could bring renewed volatility. With recent swings in global indexes, and Chinese stocks dipping unexpectedly, no one is assuming smooth sailing ahead. Investors will be watching every statement and number closely. FAQs: Q 1. What is the stock market today doing? A. Wall Street is mostly flat as traders watch US-China trade talks and wait for the May CPI numbers. Q 2. Why do US-China trade talks matter to investors now? A. A rare-earth deal and tariff relief could calm supply fears, boost growth hopes, and lift key indexes.
Time of India
2 hours ago
- Time of India
'India projected to maintain fastest growth rate': World Bank holds FY26 growth at 6.3%; global growth rate forecast cut to 2.3%
India will remain the fastest-growing major economy in 2025–26 with a projected GDP expansion of 6.3%, the World Bank said in its latest Global Economic Prospects report, while warning that rising global trade barriers and weaker demand from key export partners are likely to dampen external sector momentum. The projection for India remains unchanged from the World Bank's April estimate but marks a downward revision from the earlier January forecast of 6.7%. The multilateral lender cited subdued industrial growth and soft export demand as key reasons for the downgrade, though construction, services and rural consumption were seen holding steady, PTI reported. 'India is projected to maintain the fastest growth rate among the world's largest economies,' the World Bank stated, noting that even with the pressures on trade, the Indian economy's fundamentals remain relatively strong. The global outlook, however, was more pessimistic. The World Bank cut its forecast for global GDP growth in 2025 to 2.3%, down from 2.7% in January. It described this as the weakest performance in 17 years outside of full-blown recessions, attributing the slowdown to policy uncertainty and fragmentation in trade relations—particularly amid heightened tariff actions by the US under President Donald Trump. The Bank also said that average global growth in the first seven years of the 2020s could be the slowest since the 1960s if current conditions persist. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Around 70% of global economies saw their forecasts revised down across all regions and income levels. For India, the World Bank expects GDP growth to accelerate slightly to an average of 6.6% over FY27–28, aided by a rebound in exports, especially in services, and continued momentum in construction and consumption. Last week, the Reserve Bank of India retained its GDP forecast for FY26 at 6.5%, citing macroeconomic resilience amid global headwinds. World Bank analysts added that resolving current trade disputes—potentially by halving tariff levels—could raise global growth by 0.2 percentage points over 2025 and 2026. They advised developing economies to diversify trade and pursue broader liberalization to counter the fallout from protectionist measures. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
