Bullion & Business

Spot Price Update: Gold opened the week at $2,910.10 per ounce and closed last night at $2,939.10 per ounce (+1.02%). Silver opened at $32.77 per ounce and closed last night at $33.48 per ounce (+2.27%). 

For the latest spot pricing and performance charts, click here.

Idaho's Tax Reforms Benefit Precious Metals Investors: Idaho Governor Brad Little signed House Bill 40 into law on 03/06/2025. The legislation eliminates the capital gains tax on the sale of gold and silver bullion, aligning with a broader national movement to treat precious metals as legitimate forms of currency. 

Bitcoin Slumps as Markets React to Trump’s Crypto Reserve Plan: After President Trump signed an order to create a strategic cryptocurrency reserve with seized Bitcoin, markets reacted negatively. Bitcoin dropped 14% to a four-month low of $76,867 on 03/11/25. The slump is fueled by investor disappointment over the lack of planned government purchases. However, crypto bulls remain positive for the long-term impacts of establishing the reserve. 

Bybit Suffers $1.5 Billion Crypto Hack Linked to North Korea:
Last month Bybit lost 400,000 Ethereum ($1.5 billion) in the largest crypto hack to date. Hackers exploited a vulnerability in Bybit’s cold wallet system, with the FBI linking the attack to North Korea’s Lazarus Group. Bybit secured emergency funding to cover withdrawals, but its market share dropped. The breach highlights ongoing security risks in centralized exchanges and the need for stronger protections in crypto.

Past performance is not indicative of future results. 


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