Solana price has seen a significant surge recently, surpassing $170 for the first time since early August, sparking widespread bullish sentiment among investors. As the month of “Uptober” approaches its end, traders are speculating how high SOL can rise in the coming days.
Why is Solana Price Up Today?
The SOL price is trending around $170.17 after hitting a two-month high of $171.76 on Oct. 21. The asset is up 7.1% in the last 24 hours, following the Bitcoin price surge to $69,400.
The Solana price is rising partly due to the Bitcoin price surge over the weekend. On Sunday, Oct. 20, the BTC price jumped above $69,000 for the first time in 2.5 months, which boosted the broader crypto market, pushing them into positive territory.
As a result, the SOL price rebounded to levels not seen since August 1, 2024. Following the short burst of buying pressure, the price of Bitcoin hit a high of $69,519 before quickly retracing as traders rushed to lock in profits.
Will Solana Continue Rising in October?
According to data from Coinglass, traders are actively buying SOL currently since the price change vs. Open Interest (OI) change are both positive. When these two metrics are positive, they signal that traders are going Long on an asset.
Additionally, the funding rate has increased since Friday, Oct. 18. When the funding rate increases and the price rises, it generally indicates strong bullish sentiment among traders. It also suggests that derivative traders are mostly responsible for the sudden rise in SOL prices.
These metrics show that bullish sentiment is currently dominating the Solana market because traders anticipate the asset will rise higher in the coming days.
SOL Price Analysis: How High Can It Go In Uptober?
Solana price formed an inverse head-and-shoulders pattern, indicating a potential trend reversal from bearish to bullish. The break above the neckline around $160 confirms this bullish pattern.
The price is currently trading at $170.58, and the breakout target based on the height of the head to the neckline points to a move towards $190, representing a 16.41% gain from current levels.
Based on historical price action, the SOL price may face resistance around $190 and $230 on its way up. However, a break above the latter resistance could propel the asset to $250, a 46% increase from the current price.
Solana price analysis chart
SOL price prediction shows strong support at the previous neckline around $160. A retest of this level may happen before further upside, providing a potential entry point for buyers. If the price fails to hold above the $160 levels and drops below the neckline, it could signal market weakness, pushing it to lower support levels near $140 and $130.
In the short term, the price will likely move towards the $190-$195 range, which will serve as the first take-profit zone. In the longer timeframe, if SOL breaks through the $190 resistance with strong momentum, the price could extend towards $230 and $250.
Frequently Asked Questions (FAQs)
Solana price is rising mainly due to Bitcoin’s surge over the weekend that go most cryptocurrencies rallying.
Yes, the bullish sentiment in the market indicates that the Solana price may continue to rise.
Solana price could first hit the $190-$195 range as a take-profit zone for short-term traders. If it breaks the $190 resistance with strong momentum, SOL may climb to $230 and possibly reach $250 by the end of October, marking a 46% increase from current levels.
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Evans Karanja
Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Plant-Based Protein Supplements Market || 2024-2031
Plant-Based Protein Supplements Market is the focal point of DataM Intelligence’s latest market research report, offering a comprehensive analysis of this dynamic sector. This in-depth study goes beyond a basic overview, exploring the intricate dynamics that shape the market. By examining regional trends, demand patterns, and potential breakthroughs, DataM Intelligence aims to empower businesses and stakeholders with valuable insights for navigating the evolving landscape. The insights from this report can illuminate pathways for informed decision-making and drive strategic growth in Plant-Based Protein Supplements Market.
The Global Plant-Based Protein Supplements market to grow at a high CAGR during the forecast period 2024- 2031
Will the Plant-Based Protein Supplements Market become the sector’s next big opportunity? To find out, delve into the analysis and projections for Plant-Based Protein Supplements Market. This market research study offers in-depth insights into the opportunities, challenges, and trends currently shaping the machinery landscape, enabling industry participants to make informed decisions in a dynamic environment. Take advantage of the opportunity in the Plant-Based Protein Supplements Market! (2031)
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Plant-based protein supplements are dietary products made from various plant sources that provide concentrated protein content. These supplements are derived from ingredients such as peas, soy, hemp, brown rice, quinoa, pumpkin seeds, and other legumes and grains. They are designed to support individuals seeking to increase their protein intake, particularly those following vegetarian, vegan, or flexitarian diets.
Key Growth Drivers in Plant-Based Protein Supplements Market:
Increasing Preference for Plant-Based Diets to Drive Market Growth
The rising awareness of animal welfare and environmental sustainability is encouraging consumers to adopt plant-based diets. Consumers are increasingly perceiving plant-based products as safer and healthier alternatives to those derived from animals, which is driving growth in the plant-based protein supplements market. The expanding vegan population and the preference for vegetarian diets are prompting manufacturers to innovate and explore new sources of plant proteins. According to Google Ads data, vegan-related searches surged by 47 percent in 2020 compared to the previous year. Additionally, analysis of Google search data from the 15 countries with the highest interest in veganism revealed that the number of searches increased from 13,278,000 in January 2017 to 25,583,000 in January 2020.
DataM Intelligence profiles some of the most reputed organizations present in the Plant-Based Protein Supplements market. They are as follows:
Glanbia plc., Now Health Group Inc., Nutiva Inc, Danone SA, MusclePharm Corporation, CytoSport, Inc., General Nutrition Centers (GNC) Holdings, Inc., Quest The Simply Good Food Co, The Nature’s Bounty Co, Reliance Vitamin Company, Inc.
Segment Covered in the Plant-Based Protein Supplements Market:
By Source: Soy, Pea, Rice, Spirulina, Wheat and Others
By Type: Ready-to-Drink, Protein Powder,Protein Bars and Others
By Distribution Channel: Supermarkets and Hypermarkets, Online Sales, Pharmacies and Drug Stores and Others
Regional Analysis:
The global Plant-Based Protein Supplements Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
Key Developments
Innovative Product Launches: Companies are continuously launching new plant-based protein supplements with unique formulations and flavors. For instance, several brands have introduced protein powders made from pea, hemp, brown rice, and pumpkin seeds, catering to diverse dietary preferences.
Increased Investment in R&D: Major players in the food and supplement industry are investing in research and development to improve the nutritional profile and taste of plant-based protein products. This includes developing new extraction methods that enhance protein quality and digestibility.
Collaboration and Partnerships: There has been a surge in collaborations between food companies and agricultural producers to source high-quality plant proteins. For example, partnerships with farmers focused on sustainable practices are helping brands secure their ingredient supply chain.
Health and Wellness Trends: The rise in health-conscious consumers has led to a greater demand for clean-label products that emphasize transparency and sustainability. Many brands are reformulating their products to exclude artificial additives and enhance nutritional benefits.
Expansion into New Markets: Plant-based protein supplements are gaining traction in regions previously less focused on plant-based diets, such as Asia and South America. Brands are adapting their marketing strategies to appeal to local tastes and preferences.
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Regional Analysis:
The global Plant-Based Protein Supplements Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter’s five force analysis. The Plant-Based Protein Supplements Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Points Covered:
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Plant-Based Protein Supplements market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Plant-Based Protein Supplements Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global Plant-Based Protein Supplements market’s leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Plant-Based Protein Supplements Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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FAQ’s
Q.1. What are the primary drivers of the Plant-Based Protein Supplements Industry?
Q.2. What are the main factors propelling and impeding the growth of the Plant-Based Protein Supplements market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Plant-Based Protein Supplements market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
Q.6. Which companies dominate the market, and what percentage of the market do they control?
Q.7. What trends are influencing the Plant-Based Protein Supplements market now and in the future?
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World osteoporosis day is a global healthcare event observed every year on 20 October. It is estimated that globally, 1 in 3 women aged 50 years suffer from an osteoporotic fracture, making it one of the leading causes of deadly pain and long-term disability in ageing people.
This year, 2024, the World Osteoporosis Day Theme is “Say no to fragile bones.” The theme aims to encourage people to value and protect their bones and raise awareness of the importance of prevention, diagnosis, and treatment.
Bone Mineral Density (BMD) Test: Tracking Your Bone Health
A Bone Mineral Density (BMD) test measures the density and strength of your bones. It shows how much mineral content, particularly calcium, is present in a specific area of your bones, often focusing on areas prone to fractures, such as the spine, hip, and forearm.
The Test Results Show:
T-score:
Compares your bone density to that of a healthy young adult (usually aged 20-30).
Normal bone density: A T-score of -1.0 or above.
Osteopenia (low bone density): A T-score between -1.0 and -2.5.
Osteoporosis: A T-score of -2.5 or lower.
Z-score:
Compares your bone density to what is expected for someone of your age, gender, and size. A low Z-score may indicate factors other than aging are affecting bone density, such as underlying conditions.
These results help assess your risk of fractures, monitor bone health over time, and guide decisions about treatments to prevent or treat osteoporosis.
Acute pain in a woman wrist, colored in red on dark blue background. Health issues problems
Limitations of BMD Test
Bone quality: While BMD measures bone density, it doesn’t directly assess bone quality (e.g., structure, flexibility), which also affects fracture risk.
Test precision: Although very reliable, BMD machines can have slight variations depending on the equipment, technician skill, and patient positioning. Ideally, follow-up tests should be done on the same machine.
Risk factors beyond bone density: BMD is only one factor in assessing overall bone health. Other factors like age, family history, lifestyle, and medications also contribute to fracture risk.
Localized measurement: The test focuses on specific bones (usually hip and spine), which may not reflect bone density in other areas of the body.
In short, BMD tests are highly reliable for assessing bone density and fracture risk, but they should be used in conjunction with other risk factors for a comprehensive evaluation of bone health.
Disclaimer The Content is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or other qualified health provider with any questions you may have regarding a medical condition.
On October 21, 2024, Blum released a new video titled “DeFi Explained” as part of its daily video code series. Users who watch the video and find the hidden code can enter it in the Blum app to earn Blum Points (BPs).
Gold price consolidates near fresh record highs of $2,729 ahead of Fedspeak.
The US Dollar extends its corrective decline, as Treasury bond yields recovery falters.
The daily RSI holds within the overbought territory, a correction in the offing?
The gold price is holding the renewed upside near a fresh record high of $2,729 early Monday. Gold buyers take a breather amid rife Middle East tensions and the uncertainty around the US presidential election, awaiting a fresh trading impetus from the upcoming speeches from US Federal Reserve (Fed) policymakers.
Gold price appears vulnerable, as Fedspeak loom
The US Dollar (USD) maintains its corrective mode intact, tracking the renewed weakness in the US Treasury bond yields, as Chinese stocks recover ground after the People’s Bank of China (PBOC) delivered a bigger-than-expected cut to the one-year Loan Prime Rate (LPR) from 3.35% to 3.10%.
Markets were unimpressed in an initial reaction to the PBOC policy announcements but they now remain expectant of more stimulus coming in from China to support the economic growth. Meanwhile, China’s stimulus optimism alongside the persistent tensions between Israel and Iran kept the Gold price underpinned.
According to Lebanese media outlets, Israel carried out a new wave of air strikes on southern Beirut after it announced the targeting of Hezbollah’s al-Qard al-Hassan financial institution’s offices. Additionally, The US government has launched an investigation into the unauthorized release of classified documents detailing Israel’s military preparations for a potential strike on Iran. Investors prefer to flock to safety in the traditional safe-haven Gold price, in times of geopolitical turmoil.
However, the US Dollar could see resurgent demand on the revival of the ‘Trump rally’. Markets seem optimistic that Republican nominee Donald Trump will win the 2024 US presidential elections. Trump’s fiscal and trade policies are seen as inflationary and positive for the Greenback.
In the absence of top-tier US economic data releases due on Monday, the focus will remain on risk sentiment and the speeches from several Fed policymakers for a fresh directional impetus to Gold price.
Gold price technical analysis: Daily chart
Gold price challenged the $2,730 level on the renewed upside this Monday.
The 14-day Relative Strength Index (RSI) has turned flattish while holding above the 70 level – the overbought zone.
This suggests that buyers are facing exhaustion and that a pullback could be in the offing.
The immediate support, therefore, is seen at Friday’s low of $2,692, below which a drop toward the previous resistance now turned support at $2,670 cannot be ruled out.
A sustained break below that level will expose sellers to the key 21-day Simple Moving Average (SMA) support at $2,653.
On the other hand, if Gold buyers manage to take out the $2,730 round level, a test of the $2,750 psychological barrier will be inevitable.
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
In the weight loss world, there’s always a new trend or magic solution grabbing headlines. Recently, Ozempic has become one of those buzzwords. Designed initially for managing type 2 diabetes, it has made waves for its remarkable side effect—helping people shed pounds. However, as with any medication, Ozempic isn’t without its drawbacks. Some find it hard to access, expensive, or experience side effects that make it unsuitable for them.
But here’s the good news: Ozempic isn’t the only option. While it’s proven effective for many, several alternatives offer similar weight loss benefits. Whether you’re looking for a different medication, a natural supplement, or even a lifestyle change, you don’t have to feel stuck if Ozempic isn’t right for you.
In this article, I’ll explore some ofthe best Ozempic alternatives. From other prescription drugs to natural options, these alternatives offer different paths to achieving your weight loss goals—without relying solely on Ozempic. So, if you’re looking for a better fit for your health journey, keep reading as we dive into some promising options to help you reach your weight loss goals.
What is Ozempic?
Ozempic is a medication that’s been making headlines for its ability to help with weight loss, even though its original purpose was quite different. It was first developed to help people with type 2 diabetes manage their blood sugar levels. The main ingredient in Ozempic is semaglutide, which belongs to a group of drugs known as GLP-1 receptor agonists. These drugs are designed to imitate a natural hormone called GLP-1 (glucagon-like peptide-1). GLP-1 helps regulate blood sugar levels, controls insulin production, and influences digestion.
But what makes Ozempic stand out is its unexpected side effect: weight loss. While it was initially meant to control blood sugar, many people using it for diabetes noticed that they were losing weight. This has turned Ozempic into a hot topic, especially for those struggling with obesity or anyone looking for a reliable way to shed pounds. Even though it wasn’t specifically created as a weight-loss drug, it’s now widely used for that purpose.
How Does Ozempic Work?
Understanding how Ozempics lead to weight loss helps break down how it works in the body. First, Ozempic slows down how fast your stomach empties food. This means you feel fuller for longer after eating, which can lead to less overall eating. You’re less likely to snack or overeat when you’re not as hungry, which naturally contributes to weight loss.
Another critical action of Ozempic is how it affects your brain. It works directly on the areas of the brain that control appetite, helping to reduce food cravings and satisfy you even with smaller portions. This is one of the reasons it’s so effective—targeting hunger and satiety helps people manage their eating habits without feeling deprived.
Ozempic also improves how the body handles insulin, a hormone that helps regulate blood sugar. For people with type 2 diabetes, this is critical because their bodies either don’t produce enough insulin or don’t use it properly. By increasing insulin production when needed and reducing the amount of sugar released into the bloodstream, Ozempic helps maintain healthy blood sugar levels. This is a crucial benefit for those with diabetes, but it also plays a role in how the drug supports weight loss.
In simple terms, Ozempic helps you eat less, feel full longer, and control your blood sugar, contributing to weight loss.
Benefits of Ozempic
The main benefit of Ozempic for people with type 2 diabetes is its ability to keep blood sugar levels in check. This reduces the risk of complications related to high blood sugar, such as heart disease, kidney problems, and nerve damage. Beyond diabetes management, its impact on weight loss is why many people are interested in the drug.
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Many users report losing a significant amount of weight while on Ozempic. In some clinical studies, people lost an average of 12-15% of their body weight over several months. For someone who is overweight or obese, this can make a huge difference—not just in appearance but in overall health. Losing weight can lower the risk of developing heart disease, improve mobility, and reduce joint pressure, making daily life more comfortable.
Side Effects of Ozempic
Like any medication, Ozempic has its downsides. While it’s highly effective for many people, it can also have side effects that must be considered.
One of the most common side effects is nausea. This happens because Ozempic slows down how quickly food moves through the stomach, sometimes leaving people feeling queasy, especially in the beginning. For most people, this nausea tends to improve over time as their body adjusts to the medication, but it can be pretty uncomfortable for others.
Other common side effects include:
Vomiting
Diarrhea
Constipation
Stomach pain
These digestive issues are usually mild and improve as your body gets used to the medication. However, for some, they can be more severe and lead to stopping the drug altogether.
More serious, though less common, side effects include:
Pancreatitis is inflammation of the pancreas and can cause severe stomach pain. It’s a rare but serious side effect that requires immediate medical attention.
Gallbladder problems: Some users may experience gallstones or other gallbladder-related complications.
Kidney issues: Ozempic can lead to dehydration due to vomiting or diarrhea, which in turn can affect kidney function, especially in people with preexisting kidney problems.
Thyroid tumors: In animal studies, Ozempic has been linked to an increased risk of thyroid tumors, including a rare form of thyroid cancer. While this has not been proven in humans, it’s something that patients and doctors monitor closely.
There’s also the potential for low blood sugar (hypoglycemia), mainly if Ozempic is used alongside other diabetes medications like insulin. Symptoms of low blood sugar include shakiness, sweating, dizziness, and confusion. If not treated quickly, low blood sugar can be dangerous.
Finally, it’s important to note that not everyone responds the same way to Ozempic. Some people may experience more intense side effects, while others might have fewer issues. It’s always best to talk to your doctor about your medical history and concerns before starting Ozempic.
Who Should Avoid Ozempic?
Although Ozempic has proven helpful for many people, certain groups should avoid it or use it cautiously. Suppose you have a personal or family history of medullary thyroid carcinoma (MTC) or multiple endocrine neoplasia syndrome type 2 (MEN2). In that case, Ozempic may not be a good option due to the potential risk of thyroid tumors.
People with a history of pancreatitis should also be cautious when using Ozempic, as the drug can increase the risk of this condition recurring.
Pregnant or breastfeeding women should avoid using Ozempic because its effects on a developing baby or nursing infant aren’t fully understood. If you’re planning to become pregnant or are already pregnant, it’s essential to discuss other options with your healthcare provider.
The Best Ozempic Alternatives
PhenQ
Puravive
Zmyra
LumaLite
Fitspresso
Nagano Lean Body Tonic
PhenQ
(credit: PR)
When I first heard aboutPhenQ, I was intrigued. There are countless weight loss supplements, but PhenQ stood out slightly differently. After giving it a try, I can confidently say that it’s one of the best options for those looking to shed some pounds without feeling deprived or jittery. It’s not just another “diet pill”—it’s designed to tackle weight loss from multiple angles, making it a powerful tool in my journey.
One of the things that caught my eye was the list of natural, science-backed ingredients. Let me walk you through the key ones that make PhenQ so effective.
Guarantee: Offers a comprehensive 60-day money-back guarantee
Cost: Prices begin at $69 per bottle
Primary Ingredients of PhenQ
a-Lacy’s Reset: This patented formula is the real star of PhenQ. It’s a unique combination of alpha-lipoic acid and cysteine, accelerating your metabolism and boosting thermogenesis (the body’s heat production process). It helps you burn more calories, even when you’re not doing anything.
Capsimax Powder: Capsimax is a blend of capsicum (from chili peppers), piperine (from black pepper), caffeine, and niacin (vitamin B3). Combining these ingredients helps increase thermogenesis, like a Lacy’s Reset while boosting fat oxidation. This was particularly helpful because it gave me extra warmth, which meant more calories were burned.
Chromium Picolinate: This is a game-changer if you struggle with sugar cravings. Chromium picolinate helps regulate blood sugar levels, making it easier to control afternoon sugar cravings. Seeing how much less I snacked on sweets and carbs after starting PhenQ was terrific.
L-Carnitine Fumarate: This amino acid is crucial in converting stored fat into energy. I felt less tired and sluggish throughout the day because my body actively used my fat stores for fuel. It’s a nice, clean energy boost that doesn’t come with the jitters that some supplements cause.
Nopal Cactus: Nopal is rich in fiber, which helps keep hunger in check. I felt fuller for extended periods and wasn’t constantly thinking about my next meal. It also has the added benefit of flushing out excess fluids, which can help with that bloated feeling.
Caffeine: We all know caffeine is excellent for an energy boost, but in PhenQ, it’s used strategically. It helps enhance focus, reduce fatigue, and improve alertness—all while contributing to thermogenesis. For me, it kept my energy up without feeling wired.
The PhenQ Experience: Appetite Control, Thermogenesis, and More
One of the standout benefits of PhenQ for me was how well it helped regulate my appetite. I’ve always had trouble with portion control, but with PhenQ, I felt more in control of my hunger. Combining ingredients like Nopal cactus and chromium picolinate made it easier to say no to overeating, especially when I usually snack.
Another noticeable effect was the thermogenesis boost. Even when I wasn’t exercising, I felt my body working harder to burn those extra calories. It’s not an overnight miracle, but it has helped me lose weight more efficiently.
Cost and Guarantee
At first, I was concerned about the cost, as $69 per bottle felt like a bit of an investment. But considering that each bottle lasts for a month and you get the added benefit of a 60-day money-back guarantee, it seemed worth a try. The fact that I could return it if it didn’t work gave me the confidence to start. Thankfully, I didn’t need the guarantee, but it’s nice to know the company stands behind its product.
Puravive
(credit: PR)
While consideringPuravive as one of the best Ozempic alternatives, I was immediately drawn in by its focus on natural ingredients and the promise of boosting weight loss by targeting BAT (brown adipose tissue). It’s not every day that you find a product that works with your body’s natural processes to burn fat, which is precisely what Puravive aims to do. After trying it, I can say it lived up to the hype.
Puravive’s primary goal is to increase your body’s BAT levels, which helps turn up your internal heat and burn more fat. I was impressed by how it focuses on the root cause of weight gain rather than just suppressing appetite or temporarily boosting metabolism.
Formulation: Capsules
Primary Ingredients: Luteolin, Kudzu, Holy Basil, White Korean Ginseng, Amur bark cork, Propolis, Quercetin, Oleuropein
Cost: Starts at $59 per bottle
Refund Policy: 180-day refund policy
Key Ingredients of Puravive
Luteolin: Known for its anti-inflammatory properties, luteolin helps improve the body’s fat-burning processes.
Kudzu: This traditional herb helps reduce inflammation and supports BAT levels, which aids in weight loss.
Holy Basil: I love that this ingredient helps relieve stress and promotes a healthy metabolism.
White Korean Ginseng: Ginseng is famous for boosting energy and metabolism, and it helped me stay active without feeling drained.
Amur Bark Cork: This was new to me, but it’s fantastic for reducing bloating and improving digestion.
Propolis: Propolis is filled with antioxidants and supports fat loss and overall health.
Quercetin & Oleuropein: These ingredients support healthy cholesterol levels and improve BAT activity.
Cost and Guarantee
Starting at $59 per bottle, Puravive is reasonably priced for its offerings. The best part? There’s a 180-day refund policy, so I felt confident trying it out, knowing I could get my money back if it didn’t work.
Zmyra
(credit: PR)
I’ve tried a fair share of weight loss supplements, butZmyra stood out. What makes it unique is how it targets lipolysis, the process where your body breaks down fat cells. After using Zmyra, I noticed a difference in how quickly I was burning fat, and it felt like my weight loss was finally moving in the right direction.
One thing I love about Zmyra is that it doesn’t rely on just one ingredient to get results. Instead, it combines several powerful components to boost fat burning and help with appetite control. Here’s a breakdown of what I experienced.
Chromium Nicotinate Glycinate Chelate: This mineral is a game-changer in controlling blood sugar levels, which in turn helps curb those sugar cravings. I found it easier to avoid snacks and sweet treats throughout the day.
ALA (Alpha-Lipoic Acid): Known for its ability to support energy metabolism, ALA helped me feel more energetic while burning fat, making my workouts feel more effective.
L-Carnitine L-Tartrate Powder: This ingredient is crucial in converting fat into energy so I can burn fat faster while staying active.
Cayenne Pepper Powder: I could feel this ingredient’s thermogenic effect. It helped increase my body heat, making fat burn even faster.
Glucomannan: This natural fiber kept me feeling full longer, which was essential for keeping my calorie intake in check.
Cost and Guarantee
At $59.99 per bottle, Zmyra is competitively priced, and I appreciated the 30-day refund policy. Even though it’s a shorter guarantee than some others, I felt confident because I saw results fairly quickly.
LumaLite
(credit: PR)
When I started usingLumaLite, I was looking for something that would support my weight loss and give me the energy boost I needed for more intense workouts. LumaLite caught my attention because it promised to do just that, thanks to its well-rounded formula designed to enhance metabolism and increase energy levels. After giving it a go, I can confidently say it’s been a game-changer for my fitness routine.
Vitamins B12, B6, and D are crucial for energy production and overall health. I felt more energized and less tired throughout the day, which made my workouts more productive. Vitamin D, in particular, supported my mood and overall well-being, helping me stay motivated.
Zinc and Magnesium: These minerals are crucial in maintaining a healthy metabolism. Zinc supports the immune system and keeps my body functioning smoothly, while magnesium helps with muscle recovery and relaxation after workouts.
LumaLite Healthy Slimming Mix: This proprietary blend targets fat loss and metabolism. It felt like my body was burning calories more efficiently, which was noticeable as I saw my weight slowly but steadily decrease.
LumaLite Performance Fuel: This component provides a clean energy boost, enhancing my workout performance without the crash some supplements cause. It made intense sessions feel more manageable and less draining.
LumaLite Focus Complex: This part of the formula helped me stay sharp and focused during both workouts and daily tasks. Concentrating on my fitness goals and pushing through challenging workouts made it more attainable.
Cost and Guarantee
Starting at $69 per bottle, LumaLite is priced on the higher side, but its comprehensive benefits are worth it. The 60-day refund policy gave me peace of mind, and I’m glad to report that I didn’t need to use it. The combination of increased energy, improved focus, and enhanced metabolism made a noticeable difference in my weight loss journey and overall fitness.
Fitspresso
As someone who loves coffee but doesn’t always want the jittery side effects of caffeine,Fitspresso was a breath of fresh air. This supplement claims to deliver the energy boost of coffee without the caffeine, and I was intrigued. It lives up to its promise after being used for a while, offering a smooth, sustained energy lift while maximizing metabolism and fat burning.
Capsicum annum: This ingredient from chili peppers helps ramp up metabolism and increase fat oxidation. I could feel the heat and energy boost without the jitteriness, a pleasant change from my usual caffeine fixes.
Panax Ginseng: Panax ginseng is renowned for its adaptogenic properties. It bolsters my stamina and sharpens my focus throughout the day. It’s great for maintaining energy levels without crashing, making my workouts feel more effective.
Chromium Picolinate: This mineral is crucial in managing blood sugar levels and reducing cravings. With Fitspresso, I found it easier to stick to my diet and avoid unnecessary snacking.
L-carnitine: This amino acid helps turn fat into energy, which is evident in my improved workout performance. I noticed a better fat-burning ratio and felt more efficient in my exercise routine.
Milk Thistle: This herb supports liver health and is essential for overall metabolism. It also helped with detoxification, making me feel cleaner and more energized.
Banaba Leaf: Known for its blood sugar-regulating properties, Banaba Leaf contributed to keeping my cravings in check and supported healthy metabolism.
Cost and Guarantee
Given its unique benefits, Fitspresso is competitively priced at $69.99 per bottle. The 180-day return policy offered a safety net that made trying it feel like a no-risk decision. I’m pleased to report that I didn’t need to return it—Fitspresso delivered on its promise of enhanced energy, better metabolism, and efficient fat-burning without the downsides of caffeine.
Nagano Lean Body Tonic
I was excited to tryNagano Lean Body Tonic because it’s not just another supplement—it’s based on an ancient formula that targets excess fat and boosts metabolism. Its blend of over a dozen natural ingredients promised to rev up my fat-burning rate, and I was eager to see how it would work.
Camu Camu: This superfruit is packed with vitamin C and antioxidants. It helped boost my immune system and gave me a feeling of overall vitality, which was a great start to my weight loss journey.
EGCG (Epigallocatechin Gallate): Found in green tea, EGCG supports fat oxidation and metabolism. I noticed an increased energy level and a more efficient fat-burning process, especially during workouts.
Mangosteen: Known for its high antioxidant content, Mangosteen helps reduce inflammation and supports overall health. It made me feel lighter and more energized.
Panax: This adaptogen improved my stamina and resilience, helping me handle stress better and indirectly supporting my weight loss goals.
Momordica Charantia: Also known as bitter melon, this ingredient helps regulate blood sugar levels and support healthy fat metabolism.
Ashwagandha: This herb is fantastic for stress reduction and overall wellness. It helped me manage stress better, often leading to healthier eating habits.
Acerola: Rich in vitamin C, Acerola gave me an energy boost and supported my immune system.
Eleuthero Root: Known for its adaptogenic properties, it helped me stay focused and energized throughout the day.
Alfalfa Leaves: These leaves are rich in nutrients and support my overall health while contributing to better digestion.
Cinnamon Cassia: This ingredient helps regulate blood sugar and adds a pleasant flavor.
Wheat Grass, Beetroot, Blueberry, Coconut Juice Powder, Cranberry, and Pomegranate: These ingredients provided a wide range of vitamins, antioxidants, and minerals that enhanced my overall health and energy levels.
Reishi Mushroom: Known for its immune-boosting properties, Reishi Mushroom added to my well-being.
Spirulina: This superfood increased my energy and supported my metabolism, making it easier to stay active.
Cost and Guarantee
At $69 per bottle, Nagano Lean Body Tonic is a premium product, but the 180-day refund policy provided a generous safety net. It’s been worth every penny for me—the ancient formula combined with these potent ingredients delivered on its promise of increased fat-burning and metabolic speed. I felt more energized and healthier and saw noticeable improvements in my weight loss progress.
The Best Ozempic Alternatives Conclusion
Looking back on my experience with these weight loss supplements, I’m genuinely impressed by how each offered unique benefits. From the powerful blend of ingredients in PhenQ and Puravive to the ancient wisdom behind Nagano Lean Body Tonic, I noticed fundamental changes in my metabolism, energy levels, and overall well-being. Zmyra and LumaLite each brought their strengths to the table, helping me stay focused and motivated. Exploring thesebest Ozempic alternatives has been rewarding, and I’m excited to continue seeing progress. I highly recommend considering these game-changers if you’re on a similar path.
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Disclaimer:
Please understand that any advice or guidelines revealed here are not even remotely substitutes for sound medical or financial advice from a licensed healthcare provider or certified financial advisor. Make sure to consult with a professional physician or financial consultant before making any purchasing decision if you use medications or have concerns following the review details shared above. Individual results may vary and are not guaranteed as the statements regarding these products have not been evaluated by the Food and Drug Administration or Health Canada. The efficacy of these products has not been confirmed by FDA, or Health Canada approved research. These products are not intended to diagnose, treat, cure or prevent any disease and do not provide any kind of get-rich money scheme. Reviewer is not responsible for pricing inaccuracies. Check product sales page for final prices.
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The crypto prices today have continued reverberating significant investor optimism globally. Bitcoin (BTC) price maintained a hold above the $68K level today. Whereas, Ethereum (ETH), Solana (SOL), and XRP prices pumped 3%-7% intraday. Simultaneously, ApeCoin (APE) emerged as the day’s top gainers, skyrocketing nearly 50%.
Besides, the global crypto market cap jumped 1.23% to $2.37 trillion. Further, the total market volume increased 57.91% over the past day to $65.76 billion. Here’s a brief collection of some of the top cryptocurrencies by market cap and their price movements today, October 21.
Crypto Prices Today: BTC, ETH, SOL, & XRP Gain 1-7%
The broader market on Monday witnessed a remarkable upswing alongside rising sentiments of an ‘Uptober’ rally. While BTC briefly touched $69K, ETH topped the $2,700 price level, followed by SOL and XRP prices gaining 7% and 1%, respectively. Here’s a brief report on some of the top coins’ price action today.
Bitcoin Price Today
BTC price jumped nearly 1% at press time and is currently trading at $68,903. The coin’s 24-hour low and high were recorded as $68,162.84 and $69,462.74, respectively. Notably, the flagship crypto rose alongside $2.13 billion in inflows in Bitcoin ETFs as of last week. However, BTC’s market dominance slipped 0.51% over the past day to 57.14%. Furthermore, the coin’s market cap stood at $1.36 trillion today. A recent CoinGape Media report reveals key reasons why BTC price awaits a new ATH amid broader market events.
Ethereum Price Today
ETH price jumped roughly 3.5% in the past 24 hours and is now trading at $2,732. The coin’s intraday low and high were recorded as $2,638.35 and $2,765.55, respectively. U.S. spot ETH ETFs registered weekly inflows worth $78.89 million over the past week, per Sosovalue data, aligning with the upward price trajectory. Simultaneously, Ethereum’s market cap rested at $328.99 billion today.
Solana Price Today
The crypto SOL’s price surged nearly 6.5% at press time and is sitting at $169. The coin’s 24-hour low and high were $157.77 and $169.83, respectively. Solana’s market cap rested at $79.45 billion today. The coin soars in tandem with today’s broader market trend, as mentioned above.
XRP Price Today
XRP price noted gains worth roughly 1% over the past day and is now trading at $0.5474. The coin’s 24-hour low and high were $0.5377 and $0.5498, respectively. XRP’s market cap rested at $31.04 billion today. Meanwhile, Ripple CLO Stuart Alderoty suggested that the Second Circuit might affirm the decision by Judge Analisa Torres in XRP the lawsuit or possibly expand on her ruling, adding to investor speculations on the asset’s performance.
Meme Coins Prices Today
Simultaneously, Dogecoin (DOGE) price gained nearly 3% over the past day and is now trading at $0.14. Likewise, even Shiba Inu (SHIB) price gained nearly 2% to $0.00001899. Also, Pepe Coin (PEPE), dogwifhat (WIF), and Bonk prices pumped 1%-3% intraday.
Top Crypto Gainers Prices Today
ApeCoin
APE price rocketed nearly 50% at press time and is now trading at $1.53. The coin’s intraday low and high were $1.01 and $1.71, respectively.
dYdX
DYDX price soared nearly 30% in the past 24 hours and is currently sitting at $1.25. Its 24-hour low and high were $0.9676 and $1.33, respectively.
Jupiter
JUP price pumped slightly over 10% in the past 24 hours and is now trading at $0.9959. The coin’s intraday low and high were $0.8995 and $1.02, respectively.
Top Crypto Losers Prices Today
Litecoin
LTC price slipped nearly 2% over the past day and is currently sitting at $73.66. Its intraday low and peak were registered as $73.58 and $75.59, respectively.
MANTRA
OM price waned roughly 1% in the past 24 hours and is now trading at $1.49. The crypto’s intraday low and high were $1.49 and $1.51, respectively.
Aerodrome Finance
AERO price followed, dipping nearly 1% over the past day to $1.28. The coin’s intraday low and high were recorded as $1.26 and $1.32, respectively.
Besides, the hourly time frame charts indicated that BTC gained 0.25%, whereas ETH followed, up by 0.2%. This slight upswing has sparked further speculations over the crypto prices today.
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Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Silver price receives support from safe-haven flows amid rising Middle-East tensions.
Israel targeted the offices of Hezbollah’s al-Qard al-Hassan financial institution in southern Beirut.
The non-yielding Silver gains ground due to easing monetary policies from major central banks.
Silver price (XAG/USD) extends its winning streak for the fifth consecutive day, trading around $34.10 during the Asian session on Monday. This upward trend is driven by safe-haven demand amidst escalating geopolitical tensions in the Middle East.
Lebanese media report that Israel has launched a new series of airstrikes on southern Beirut, targeting the offices of Hezbollah’s al-Qard al-Hassan financial institution. Furthermore, the US government has initiated an investigation into the unauthorized release of classified documents that outline Israel’s military preparations for a potential strike on Iran.
Furthermore, easing monetary policies from major central banks are bolstering non-yielding Silver prices. On Monday, the People’s Bank of China (PBoC) reduced the 1-year Loan Prime Rate (LPR) from 3.35% to 3.10% and the 5-year LPR from 3.85% to 3.60%. Last week, the European Central Bank (ECB) also opted to cut its interest rates by 25 basis points.
The Bank of Canada (BoC) is widely anticipated to implement a significant interest rate cut of 50 basis points at its upcoming monetary policy meeting on Wednesday. Recent inflation data suggests that both the Bank of England (BoE) and the Reserve Bank of New Zealand (RBNZ) may consider potential rate cuts next month. Additionally, the US Federal Reserve (Fed) is expected to lower interest rates by 50 basis points by the end of 2024.
Regarding the US elections, markets appear optimistic about Republican nominee Donald Trump winning the 2024 presidential election. Trump’s fiscal and trade policies are viewed as inflationary and favorable for the US Dollar (USD), which could negatively impact Silver demand. A stronger US Dollar makes Silver more expensive for buyers using foreign currencies, potentially dampening their purchasing power.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
I’ve always lived a very healthy lifestyle, which means I have a particular set of habits I do routinely. I consistently nourish my body with nutrient-rich foods—a diet that’s rich in vegetables, fruits, and protein; I regularly exercise, recently hopping on the jump rope game, since it offers a low-impact alternative. However, even with all these healthy “habits,” I’ve felt sluggish and bloated, chugging too many cups of coffee to no avail in terms of boosting energy (caffeine is a quick-fix, after all, so I wasn’t expecting a long-term effect, either) and limiting foods that I thought might cause bloating.
One day, I was talking to a friend, and she had mentioned she recently started incorporating Dose liver shots into her morning routine, leaving her with more energy throughout the day after a few months of regular use. I had never heard of the brand before, but I was intrigued, as I had done a few liver cleanses before that resulted in me feeling less bloated and more energized (two symptoms I was probably, in part, feeling because of a sluggish liver). But, instead of totally changing my diet as I had to do with said cleanses, this was a drink that I could easily implement into my day-to-day. So, I tried it! Her review was rave—and Rihanna stepped out with a bottle of Dose in hand—both of which were reasons enough to give it a go, but the all-organic, powerhouse ingredients in the drink particularly piqued my appreciation.
Dose Liver Cleanse Key Features
How I tested: I’ve incorporated a 2-ounce shot into my morning, post-breakfast routine, though I’ve also tried it in the evening. I’ve done this for the past four months, and my mom and husband have also taken it at this frequency, but for two months.
Perfect for: Anyone who struggles with low energy, digestive issues, bloating, or looking for long-term liver support.
What you’ll love: It tastes so good, which makes it a super simple addition into your daily routine, and it’s packed with good-for-you ingredients.
Key ingredients: Turmeric, milk thistle, dandelion, ginger, and orange.
Dose Liver Shot
Dose
Dose Liver Shot Review
A few months back, I tried the Dose liver shot after breakfast, and I haven’t turned back (err, gone without it) since. The brand suggests taking a 2-ounce shot after your meal—breakfast or dinner, though I prefer to start my days with it—and while at first, I was a bit nervous about the flavor, based on past experiences with health shots, Dose was surprisingly pleasant. Think: Like orange juice, but with a slight kick. This is obviously one reason that makes it super easy to drink on a daily basis, but when I dug more into the formula, I was even more compelled to stick to drinking it every morning.
The ingredients are what make Dose stand out above other health drinks out there. The all-organic, non-GMO beverage with zero calories and zero sugar (yes, really!) includes an impressive mix of herbs like turmeric that cleanses the liver and breaks down unwanted elements, milk thistle for optimal liver function, vitamin, mineral, and fiber-rich dandelion for digestion, orange, and ginger that supports healthy liver function as well as aids digestion. The star of the drink, however, is tumeric. You’ve definitely heard about the myriad of benefits of spice, with the superstar nutrient curcumin, with Dose taking it up a notch. Per the brand, Dose has organic curcumin, allowing it to absorb more effectively in your body.
After drinking 2-ounces a day for the past four months, I’ve felt more energetic than ever. I no longer rely on my morning coffee to get me ready for the day, and it seems my digestion has been better, too. To properly test the drink’s benefits, I didn’t change anything else in my diet; I stuck to my usual proteins, vegetables, fruits, and dairy, with the only difference being adding in Dose’s liver shot every morning. It’s safe to say the improvements I noticed were thanks to Dose.
In fact, I loved it so much, I told my mom and husband about it. My mom has done several liver cleanses with me, too, so she was eager to test it out, and after a few months, I can officially say Dose is mom-approved! The taste? She loves it, and she’s picky about health shots. The results? She’s also feeling more energized. My husband, who has a sensitive digestive system, is steadfast about taking it every morning (in fact, he’s so excited to drink it, he reminds me about it before I even get the chance!), and since incorporating it into his routine, his digestion has vastly improved. We all agree that we love the glass bottles it comes in; I’m trying to limit plastic use, and don’t like drinking from plastic either, so this was a welcome plus.
Don’t just take it from me, my mom, and my husband: Customers who’ve tried Dose have similar sentiments. One wrote, “I feel so much better since I started Dose. Digestive improvement, significant change in energy, reduces that sluggish feeling.” Another noted they’ve seen vast improvements in their liver. “At my physical last year, I was told I have a fatty liver. I started taking Dose every day several months ago. At my recent physical, my liver looks great!”
And the cherry on top? Thousands agree Dose tastes so good. Shop a three-pack for $90, which will last you for a few weeks, depending how often you take it. Trust me: You’ll be a fan, and if you stick to it consistently for a few months, I’m sure you’ll notice positive results.
Gold price gains momentum to near $2,720 in Monday’s early Asian session.
Uncertainty surrounding the US election and geopolitical risks prompted higher demand for safe-haven assets like Gold.
The fear of a Chinese economic slowdown could weigh on the XAU/USD.
The Gold price (XAU/USD) extends its upside to around $2,720 during the early Asian session on Monday. The uncertainty surrounding tensions in the Middle East and the US presidential election boosts the safe haven flows.
The uptick in the precious metal is bolstered by ongoing geopolitical tensions in the Middle East, uncertainties around the US elections and easing monetary policy expectations from the US Federal Reserve (Fed). “With the conflict intensifying – particularly following Hezbollah’s announcement to escalate the war with Israel – investors are flocking to gold, a traditional safe-haven asset,” noted Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany. “Adding to the momentum, concerns around the U.S. presidential election and anticipation of looser monetary policies have further fuelled the rally,” Zumpfe added.
Furthermore, the prospects of further Fed rate cuts continue to underpin the Gold price. The US central bank lowered its interest rates for the first time in more than four years in the September meeting. According to the CME FedWatch Tool, the odds of an additional quarter-point rate cut in November stand at more than 90%. Lower interest rates generally reduce the opportunity cost of holding non-yielding bullion, lifting the Gold price.
On the other hand, China’s sluggish economy could undermine the precious metal. China’s economy grew in the third quarter (Q3) at the slowest pace since early last year. The National Bureau of Statistics reported on Friday that the GDP expanded 4.6% YoY in Q3 versus 4.7% prior. This figure was below the government’s “around 5%” target for this year. This, in turn, might weigh on the yellow metal as China is the world’s largest gold consumer.
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
:max_bytes(150000):strip_icc()/shp-dose-fp-review-social-tout-9f5dc5f781454f41b2bcb359e8a3bb22.jpg "Dose’s Liver Shots Are the Best Supplement for Energy and Digestion")
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