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Silver Historical Price Charts – XAG/USD Price History

Silver is a global standard for the trade of precious metals. Available under the symbol XAG/USD, it is available for trade as a CFD product. Silver’s value is determined largely by supply and demand. Institutional investors typically view silver as a hedging mechanism, in a similar fashion to silver. Australia, China, and the US hold the largest silver reserves among developed economies.

Current [[Silver-name]] Price: [[Silver-price]]

[[Silver-graph]]

 

Smiler Pairs
XAG/EUR, XAG/XAU


XAG/EUR


XAU/XAG

XAG/USD Historical Price Data

[[Silver-table-day]]

 

Monthly Change

[[Silver-table-month]]

Similar Assets Price Data

Why Look at Historical Silver Prices?

There are manifold factors involved in the determination of a bullish bias in silver. Let’s explore them one by one to determine the silver price forecast.

US Dollar & FED Monetary policy (Negative Rate Cuts): – Silver and the US dollar are negatively correlated nearly two-thirds of the time (when one advances, the other drops, and vice versa). While global investors do manage to run with the US dollar through periods of uncertainty, this type of movement was muted over the previous year, despite the trade war with China. They preferred to go with silver. The US Federal Reserve cut their interest rates from 1.75% to 1.25% in March, which drove sharp selling in the US dollar and triggered a bullish bias for the precious metal, silver. Later, considering the massive outbreak of COVID19, the Federal Reserve decided to cut the rate even further, from 1.25% to 0.25%, on March 16, which has made silver even more bullish this year.

Stock Market Crash – The recent 2020 crash on the US stock exchange wasn’t only limited to the US. Rather, it was a global stock market crash that began on February 20, 2020. On February 12, the Dow Jones Industrial Average, the NASDAQ Composite, and the S&P 500 Index all finished at record highs (while the NASDAQ and S&P 500 reached subsequent record highs on February 19). From February 24 to 28, stock markets worldwide reported their largest one-week decline since the financial crisis of 2008. The relationship between the silver prices and the stock markets is inverse. Mostly, the silver prices will drop when the stock markets are performing well and vice versa. Likewise, when the stock market collapses, the demand for silver increases, as more and more investors are looking at safer options.

COVID19 – Coronavirus Pandemic – The COVID19 outbreak, which was first identified in China, has infected people in 188 countries, and had a significant negative impact on the global economies, thus increasing the safe-haven demand in the market and sending the silver prices to record highs. Since the beginning of the year, investors have turned to the safe-haven metal, and this sentiment has been sustained, due to fears of the second wave of the coronavirus. As a result, the global equity market often moves lower, while trading in safe havens, like the US Dollar and silver, is bullish.

Geopolitical Tensions – China and the US have fired fresh sanctions at each other, in the ongoing conflict that has made silver futures climb to lifetime highs.

Brent Oil Historical Price Charts – Brent Oil Price History

Brent Crude is one of the key trading classifications of sweet light crude oil that works as a benchmark price for oil purchases worldwide. It is a light, sweet blend that can easily be refined into petrol (gasoline) and related products. However, the reason behind its lightness and sweetness could be associated with its low density and low sulfur content. It is worth mentioning that Brent oil has a sulfur content of about 0.37%, classifying it as sweet crude, but it is not sweeter than WTI. Another characteristic of Brent oil is that it is suitable for petrol and middle distillate production. It is typically refined in Northwest Europe.

Brent Crude was first discovered in the North Sea in the early 1960s. It is also known as London Brent, Brent Blend, and Brent Petroleum. Brent oil is one of the major global price benchmarks for Atlantic basin crude oils, used to price two-thirds of the world’s internationally traded crude oil supplies.

The Difference Between Brent Crude and West Texas Intermediate:

One of the leading differences between Brent Crude Oil and West Texas Intermediate Oil is that Brent Crude originates from oil fields in the North Sea, between the Shetland Islands and Norway, whereas West Texas Intermediate is pumped from oil fields in the US. As we have already mentioned, both Brent Crude and West Texas Intermediate are sweet and light, making them ideal for refining gasoline.

Brent Crude:

Brent Crude is more common, and most oil is priced using Brent Crude as the benchmark, as is the case with two-thirds of all oil pricing. Brent Crude is produced in the sea, so transportation costs are generally lower. Conversely, West Texas Intermediate originates in landlocked areas, making transportation costs more onerous.

West Texas Intermediate:

West Texas Intermediate is one of the preferred measure and pricing models in the United States. It is also slightly “sweeter” and “lighter” than Brent oil. The price of West Texas Intermediate (WTI) is slightly lower than the price of Brent. It is worth recalling that WTI was trading at $ 44.84 per barrel, while Brent was trading at $ 47.59 on November 26, 2020.

Current [[UKOIL-name]] Price: [[UKOIL-price]]

Major Factors that Influence Brent Oil:

There are three major factors that influence oil prices:

1: Supply

2: Demand

3: Geopolitics.

There are many factors that affect oil prices, but let’s take a look at how one of the most basic economic factors, namely supply and demand, impacts the Brent Crude Oil prices. The law of supply and demand states that if supply goes up, prices will go downward; conversely, if demand goes up, prices will increase.

Supply:

For many decades, the Organization of Petroleum Exporting Countries (OPEC) has been seen as the heart of the world’s oil trading platforms, with its oil-producing member nations working together to determine prices by increasing or reducing crude oil production. While OPEC’s control of the market has decreased compared to past years, its decisions continue to play a powerful role. It is also worth mentioning that OPEC’s every move is closely observed by governments, oil companies, investors, hedgers, speculator traders, policymakers and consumers.

However, OPEC’s policies are mainly affected by geopolitical factors. Some of the world’s top oil producers are politically weak or at odds with the West (issues about terrorism or compliance with international laws, in particular, have been problematic). Some of them have even faced penalties imposed by the US.

For example, in the past, supply disruptions, sparked by political events, have caused oil prices to shift drastically; the Iranian revolution, the Iran-Iraq war, Persian Gulf wars and Arab oil embargoes have been especially notable. The Asian financial crisis and the global economic crisis of 2007-2008 also caused fluctuations. Apart from this, the supply of oil is also affected by external factors, like weather patterns, production (E&P) costs and exploration, investments and innovations.

 

Demand:

Industrial production and strong economic growth tend to boost the oil demand, as can be seen from the changing demand patterns by non-OECD nations, which have grown sharply in recent years, according to the US Energy Information Administration. Across the pond, the factors that affect oil demand could also be associated with transportation (both commercial and personal), population growth and seasonal changes. For example, the oil demand tends to be underpinned during busy summer travel seasons and in winter, when more heating fuel is consumed

Cobalt Historical Price Charts – Cobalt Price History

Cobalt is a chemical element with the symbol Co and the atomic number 27. It is normally only found in the earth’s crust in a chemically combined form. It is a free element that is produced by reductive smelting. Cobalt is a by-product of nickel and copper; therefore, most cobalt is produced during nickel and copper production. Pure metallic cobalt is a hard, shiny, silver-gray metal, that is traditionally used in various industrial applications, such as high-temperature superalloys (mainly in jet turbines), hard facing products, stainless steels, cemented carbides and medical prosthetics. In the past few years, lithium-ion batteries have become an increasingly important end-use for cobalt, due to the advances in the electric vehicle (EV) industry.

[[Cobalt-graph]]

 

10 Years Historical Price of Cobalt- Monthly Chart

10 Years Historical Price of Cobalt- Weekly Chart

Cobalt Market Overview:

The growth of the worldwide cobalt market is largely dependent on the demand for rechargeable batteries. These batteries are broadly used in a wide range of applications, including electric vehicles and small portable electronic devices, like notebook computers, mobile phones, games and power tools. Cobalt plays a key role in the chemistry of lithium-ion batteries. We all know that Li-ion batteries have more energy, power density and cycling ability than other batteries. These features are useful in hybrid cars, electric vehicles and the storage systems used on renewable energy farms. The ever-increasing usage of Li-ion batteries in electric vehicles is seen as the leading factor that will boost the demand for cobalt in the coming years. Several industry experts believed that the growth of the global electric-vehicle (EV) industry would result in a 4-fold rise in the demand for cobalt by 2020 (from 2018 levels), and they predict that it will increase 11-fold by 2027.

Another driving factor for the market growth could be the increased use of cobalt for metallurgical uses, primarily in high-temperature alloys (superalloys). Superalloys are extensively used in the gas turbine industry, in which elevated resistance to temperature and thermal oxidation are important material considerations. Cobalt-based superalloys are largely used to make jet turbines and industrial gas turbines. The rapid growth of the aerospace industry underpins the demand for aerospace engines and here, in turn, cobalt-based superalloys are expected to increase in the coming years.

Apart from this, cobalt-based alloys are also used to produce cemented carbides to make the hard alloys used in drilling tools. Cobalt can also deliver wear resistance when used in casting and forging processes. The increased use of drilling tools in the transportation and construction industry has favored market growth during the review period.

Uses of Cobalt:

  1. Cobalt is used in alloys for aircraft engine parts and alloys with corrosion/wear-resistant uses.
  2. Cobalt is broadly used in batteries and electroplating.
  3. Cobalt salts are also used to create blue and green colors in glass and ceramics.
  4. Radioactive 60Co is used in the treatment of cancer.
  5. Cobalt is necessary for many living creatures and it is a component of Vitamin B12.
  6. Cobalt is also used in the permanent samarium-cobalt magnets in high-speed motors and guitar pickups.

Price prediction:

It is estimated that the demand for cobalt could rise from 2k tonnes to over 300k tonnes in 2030. That is a 14,900% increase in demand. However, the cobalt chart is the only one you need to understand. Thanks to the electric vehicle revolution and a massive supply chain bottleneck coming out of Africa, cobalt will never be cheap again.

What Drives the Price Of Cobalt?

The two leading trade factors that drive the price of cobalt:

  • Demand Surge:

Every single vehicle manufacturer will have to build their cobalt pipeline, and as we have already mentioned, at some $ 60,000 per metric ton, cobalt is the most expensive of the battery metals. The auto industry is certainly all about EVs now, and everyone is playing a furious game of catch-up with Tesla.

  • Chinese Market:

The big automobile manufacturers are playing catch-up with Tesla, but China is set to challenge global cobalt supplies seriously. We were aware of this before, but now it’s becoming even clearer, as China is one of the world’s largest consumers of cobalt. China is expected to see a 12% increase in cobalt consumption on the back of EV and battery growth.

The world’s biggest cobalt producing countries

  • Congo – 90,000t. 
  • Russia – 5,900t.
  • Cuba – 4,900t. 
  • Australia – 4,700t.
  • The Philippines – 4,600t. 
  • Canada – 3,800t.
  • Madagascar – 3,500t.
  • Papua New Guinea – 3,200t.

Wheat Historical Price Charts – Whea Price History

Wheat is a widely-cultivated and highly nutritional grain. It was first cultivated in the regions of the Fertile Crescent of the Middle East in around 9600 BCE. For over 7 centuries, wheat has been grown and harvested in many countries across the world. Since 1960, the world production of wheat and other grain crops has tripled, and it is expected to increase further through the middle of the 21st Century. Wheat is one of the world’s most valuable crops and it holds the title of the second most-produced grain in the world. It should be noted that almost 750 million metric tons of wheat were produced globally in 2017/18. It is also worth mentioning that after rice, wheat is the most-eaten grain in the world. Wheat is an absolutely essential dietary staple across many regions. This is probably because it can be grown in many different types of soils and climates.

[[Wheat-graph]]

 

10 Years Historical Price of Wheat – Monthly Chart

10 Years Historical Price of Wheat – Weekly Chart

Types of Wheat

There are various varieties of wheat, which may vary in terms of the colors of their kernels and their protein content.

Soft red winter wheat – This type of wheat is ideal for baked goods like pastries, cookies, and cakes.

Hard red winter wheat – This type of wheat is produced in low temperatures and snow-covered regions. It has a high protein content and is used for products like general-purpose flour, cereals, and flatbreads. It is also the most important type of wheat produced in the United States.

Hard red spring wheat – This type of wheat is grown in hot, dry climates. The properties of its gluten make it a good choice for use in baked products like croissants, bagels and pizza crusts.

Soft white wheat – This type of wheat is sweeter and softer than others. It is low in protein and gluten, which makes it great for fine pastries and cakes, as well as for Asian noodles.

Hard white wheat – This type of wheat is low in protein and is not as bitter as hard red wheat. It is used in softer bread, such as pan loaves.

Durum wheat – This type of wheat has a higher protein content than any other type. It is used to make pasta.

Uses of Wheat

The main use for wheat is human consumption. Nearly two-thirds of the wheat produced globally is used as food, as it contains several vitamins and minerals that make it a staple food product. It is used in several forms, such as premium bread flour, general-purpose flour, or cake and biscuit flour, and it is also widely used in animal feed. Therefore, human and animal nutrition represents the main use of wheat. But apart from this, there are also many other uses for this widely grown grain. The gluten and starch contained are elastic and they are able to bind water, which makes wheat useful for products like:

1) – Paper: The starch from wheat is used to enhance the strength of paper. It is worth mentioning that the paper manufacturing industry in the United States uses approximately 5 billion pounds of starch every year.

2) –  Pharmaceuticals: The gluten from wheat is used to make capsules in the pharmaceutical industry.

3) – Adhesives: The adhesive on the back of postage stamps is created with wheat starch.

4) – Soaps: Wheat germ, which is full of vitamin E, is often used in soaps and creams.

5) – Bioethanol: Wheat also plays a role in the production of bioethanol, but its role is comparatively modest compared to crops like corn.

Wheat Market Overview

The wheat market is unpredictable and subject to climate patterns that affect yields. This makes it difficult to predict price changes. On the supply front, countries in the Black Sea region are continuing to increase their production of the wheat day by day, as witnessed by data suggesting that the region, which made up less than 10% of the global grain market in the early 2000s, is now up to 25%. But the demand for biofuels is also higher and expected to rise even further due to China’s clean energy projects that will be rolled out over the coming years. This might lead to more acreage being given to corn and less to wheat.

What Drives the Price of Wheat?

The five leading trade factors that drive the price of wheat

Emerging Markets –  The rise in the population in regions such as the Middle East, Africa and Southeast Asia may result in a high demand for wheat, which would cause prices to rise.

Weather – The supplies are determined by crop yields, which are heavily affected by the weather. Therefore, larger yields tend to weaken the wheat prices; conversely, smaller yields can cause prices to spike.

Ethanol Subsidies – The US government aid, in an effort to boost ethanol production, has helped farmers to increase their corn acreage. If these subsidies end, the farmers may turn back to wheat instead, which would increase production and cause prices to drop.

The Value of the US Dollar – The price of wheat is quoted in dollars. If the dollar is bullish, the price of wheat falls, as the price of wheat is inversely related to the price of the US dollar.

Government Actions – Governments implement various actions, including the enactment of import duties and tax subsidies. These usually affect the supply and demand of wheat, which can have various different impacts on wheat prices.

Wheat Suppliers and Producers

Wheat is grown all over the world. In the US, wheat is grown in nearly 42 states, and the US is only the 4th-largest producer of wheat worldwide. The annual wheat production in the US is about 55 million metric tons. China is the top producer of wheat, with an annual production of over 125 million metric tons, which is more than double the amount produced in the United States.

The top 5 wheat-producing countries are:

  1. China
  2. India
  3. Russia
  4. USA
  5. France

Bitcoin Historical Price Charts – BTC Price History

Bitcoin is a decentralized peer-to-peer digital currency that is powered by its users, with no central authority or middlemen. The average price of one bitcoin was recorded as approximately 11,118.92 US dollars at the end of July 2020. The prices of Bitcoin can vary, as it is traded on many independent exchanges. However, the Bitcoin Price Index offers the average price across the leading global exchanges. Bitcoin emerged during the 2008 global economic crisis when big banks were caught misusing borrowers’ money, manipulating the system and charging exorbitant fees. In order to secure the owners’ money, the creators of bitcoin wanted to put the owners of bitcoins in charge of the transactions, eliminate the middleman, cut high-interest rates and transaction fees and make transactions transparent.

They created a distributed network system, where people could control their funds in a transparent way. Bitcoin has gathered popularity and grown rapidly in a relatively short period of time. Many companies, hospitals and large-scale hotel businesses across the world deal in bitcoins. Some multi-billion dollar corporations, such as Dell, PayPal, Microsoft, Expedia, etc. also deal in bitcoins. Today, websites also promote bitcoins, magazines publish bitcoin news, and forums are also discussing cryptocurrencies and trading in bitcoins. However, there are some issues related to bitcoin, like hackers breaking into accounts, the high volatility of bitcoin and long transaction delays. Nevertheless, bitcoin is considered to be reliable, particularly in third-world countries, as a channel for monetary transactions.

Current [[Bitcoin-name]] Price: [[Bitcoin-price]]

Bitcoin price history charts

By CoinMarketCap

All-time Bitcoin historical chart

[[Bitcoin-graph]]

 

The 1-year Bitcoin price history chart is red due to the bearish nature of the cryptocurrency market since last year (2022). The coin dropped all the way to a bottom of $16,000, however, towards 2023 end of Q1, the coin is progressing upwards and could break the $30K mark really soon.

Factors impacting Bitcoin Prices:
Coronavirus Pandemic:
When the coronavirus crisis disturbed the global economic activities after the lockdowns were imposed, the traders moved from riskier assets to safer ones like bitcoin. During mid-March, the US Federal Reserve cut its interest rates to almost zero and launched a $ 700 billion QE- program to combat the market chaos brought about by the coronavirus crisis. That weighed on the equity market, with Dow futures dropping by 1,000 points, and made cryptocurrencies more attractive, pushing the bitcoin prices upwards.

US Dollar Prices:
The relationship between bitcoin and the US dollar is negative, which means that whenever the US dollar is strong across the board, the bitcoin prices come under pressure and vice versa. The recent decline in USD prices, due to loose monetary policy, interest rate cuts, and the US economic crisis, has supported the BTC/USD prices. The US dollar prices have also been affected by the delay in the release of the US stimulus package by the US Congress, and this has kept the bitcoin prices under pressure lately.

Adoption of users:
The value of the bitcoin is highly dependent on the adoption of the assets by users. The cryptocurrencies are getting more popular day by day, and this is raising the bitcoin price, as it is the most popular cryptocurrency. However, when the demand for a currency goes down, it results in lower prices. At present, most users are switching to bitcoin as a currency. Incidentally, it is also used as an excellent online trading currency. The usage of bitcoin as a medium for online transactions has increased lately, and the opportunities offered by its easy usage could lead to higher prices in the coming years.

Media Influence:
Media is the most important source of information nowadays, and the prices of bitcoin and other cryptocurrencies are also affected by its influence. Greater media coverage means a better understanding of the crypto market and bitcoin by the general public. If the media presents a positive image of bitcoin, it will generally lead to higher prices of the BTC/USD pair, while negative media coverage could have the opposite effect on the bitcoin prices.

Political events:
Unlike central bank currencies, the cryptocurrencies have opposite relationships with political events. The lack of confidence in the country’s economy tends to undermine the local currency, whereas the people gain more confidence in cryptocurrencies in such a situation, as a substitute for traditional currencies. Bitcoin is the emblematic leader in the cryptocurrency market, so the prices of bitcoin tend to increase first whenever there is any political disturbance, before the other currencies on the market are affected. A recent example could be the prevailing trade war between the United States and China, which pushed the bitcoin prices up.

Governmental Regulatory Changes:
Bitcoin and other cryptocurrencies are highly influenced by government decisions. As these currencies are still considered as a new concept in the market, the governments are constantly changing the regulations in terms of taxation of cryptocurrency investors. On one occasion, the world’s largest crypto market, China, decided at the end of 2017 to close several trading platforms, and that caused a dramatic fall in bitcoin prices, resulting in a 100 billion dollar drop in the cryptocurrency market in a single day. So the government regulations have a dramatic influence on the prices of bitcoin and other cryptocurrencies.

NEO Historical Price Charts – NEO Price History

NEO was established in China as AntShares, by Da Hongfei and Erik Zhan, in 2014 and was rebranded “NEO” in June 2017. It is one of the smartest contract platforms and it has a couple of unique features. For example, NEO is a blockchain-based platform that supports its cryptocurrency. Apart from this, it enables the development of digital assets and smart contracts.

It is also worth mentioning that NEO describes its Smart Economy System as Digital Assets + Digital Identity + Smart Contract = Smart Economy.

The assets can be efficiently digitized on the NEO blockchain in an open, decentralized, traceable, trustworthy and transparent manner that is free of brokers and the associated costs. Moreover, users can record, buy, sell, exchange or circulate several kinds of assets. Furthermore, the NEO platform makes it possible to link the physical asset with an equivalent and unique digital avatar on its network. Besides this, it also protects assets. The assets that are registered on NEO’s platform have a certified digital identity and are protected by law. The certified digital identity provides valid key information concerning participating organizations, individuals and other entities that exist in the digital context.

 

[[NEO-graph]]

 

Historical Data Table:

NEO Historical Price Data

Dec 31, 2020 14.491 14.736 14.736 14.491 16.50K
Dec 30, 2020 14.736 15.077 15.077 14.571 33.94K
Dec 29, 2020 15.077 15.638 15.638 15.077 33.47K
Dec 28, 2020 15.638 15.149 15.879 15.149 42.17K
Dec 27, 2020 15.134 14.988 15.535 14.749 43.05K
Dec 26, 2020 14.991 15.176 15.176 14.618 41.96K
Dec 25, 2020 15.166 15.271 15.271 15.166 31.24K
Dec 24, 2020 15.271 13.488 15.271 13.488 33.00K
Dec 23, 2020 13.466 16.500 16.500 13.466 39.10K
Dec 22, 2020 16.522 16.546 16.637 16.248 36.82K
Dec 21, 2020 16.546 17.538 17.538 16.546 35.44K
Dec 20, 2020 17.541 17.840 18.181 17.541 36.73K
Dec 19, 2020 17.840 17.906 18.106 17.840 36.84K
Dec 18, 2020 17.906 17.774 17.906 17.774 41.16K
Dec 17, 2020 17.774 17.982 18.517 17.774 45.15K
Dec 16, 2020 17.982 17.106 17.982 16.950 38.03K
Dec 15, 2020 17.090 17.395 17.395 16.810 33.55K
Dec 14, 2020 17.395 17.282 17.395 17.282 33.56K
Dec 13, 2020 17.276 16.454 17.276 16.454 34.65K
Dec 12, 2020 16.454 15.913 16.454 15.913 35.49K
Dec 11, 2020 15.926 16.236 16.236 15.738 38.86K
Dec 10, 2020 16.233 16.880 16.880 16.233 39.23K
Dec 09, 2020 16.873 16.454 16.873 15.862 49.22K
Dec 08, 2020 16.464 17.442 17.442 16.464 46.06K

 

Monthly Change

Date Price Open High Low Change %
Dec 20 14.444 18.565 18.898 13.950 1.20M
Nov 20 18.574 14.696 19.084 13.829 1.21M
Oct 20 14.696 19.086 20.200 14.513 1.42M
Sep 20 19.086 20.438 25.284 16.295 1.71M
Aug 20 20.410 12.248 21.731 12.248 1.54M
Jul 20 12.251 10.022 12.251 9.301 4.30M
Jun 20 10.022 10.932 13.179 9.081 182.92M
May 20 10.954 8.910 12.720 7.626 263.77M
Apr 20 8.890 6.770 9.730 6.250 243.24M
Mar 20 6.770 11.100 12.430 3.910 25.71M
Feb 20 11.110 11.470 16.750 10.410 31.19M
Jan 20 11.470 8.680 12.340 8.170 22.89M
Dec 19 8.680 9.320 9.540 7.760 11.21M
Nov 19 9.320 10.550 13.410 8.310 17.20M
Oct 19 10.550 7.710 12.680 6.670 17.85M
Sep 19 7.490 8.800 10.320 6.700 9.17M
Aug 19 8.800 11.710 12.580 8.530 11.15M
Jul 19 11.710 16.720 18.290 9.730 34.24M
Jun 19 16.720 13.560 20.850 11.050 57.29M
May 19 13.570 9.720 14.960 8.330 72.55M
Apr 19 9.720 10.110 13.840 9.170 37.00M
Mar 19 10.110 8.810 10.300 7.940 26.26M
Feb 19 8.810 7.070 10.870 6.720 29.30M

 

Major Factors that Influence the NEO:

Many cryptocurrencies are currently uncontrolled by governments and central banks. However, if there are any changes in the coming years, this could have an impact on the value of the NEO.

Smart contracts provide the performance of transactions and agreements between different parties without any legal system or central mechanism. It should be noted that the performance of such contracts is normally based on the programming code of the network, and the coding, which provides transparency, traceability and irreversibility of transactions.

From this perspective, the NEO supports two crypto coins, NEO and GAS, which support programming in all mainstream languages including C#, Java, Go, Python and Kotlin. It helps a large community of developers to contribute to its platform.

NEO is also known as a strong competitor to Ethereum. As part of Onchain’s blockchain-based DNA, it’s just one piece of a larger group looking to conquer the world using blockchain. This Chinese blockchain project may succeed with the help of these key strengths.

1: NEO uses two tokens: NEO and GAS. GAS is used to fund transactions and convert currencies, while NEO has no ties.

2: NEO’s DBFT consensus algorithm is faster than the PoW used by Ethereum and Bitcoin.

3: Onchain has a strong background in fintech and NEO is faster, more efficient, and more scalable than Ethereum.

Polkadot Historical Price Charts – DOT Price History

The Polkadot project is gaining more attention day by day. The reason could be associated with the multiple delays in the release date. Polkadot is a multi-chain blockchain-based ecosystem that allows cross-chain operations and high-level interoperability. The Polkadot network allows moving tokens across the blockchain, while also enabling communication between different blockchain environments.

Polkadot represents a 3rd-generation cryptocurrency, as it solves the problem with scalability by using multiple parallel blockchains for transactions across multiple chains. Polkadot also hosts a Substrate network, which allows users and network participants to create unique blockchain environments.

From a historical point of view, the Polkadot was established by Parity Technologies, which is currently controlled by Gavin Wood and Jutta Steiner, two former Ethereum executives. The Polkadot is also supported by the Web3 Foundation, a closely related organization that provides the project with funding, advocacy, research and collaborations.

Parity Technologies was established in 2015. In the beginning, it began by working on node software for Ethereum, which was called the Parity Ethereum client. However, they began in November 2017, when developers published the first code on Github. 

Afterward, the company launched two proofs-of-concept in mid-2018 and deployed Polkadot’s first para chain in July 2018. As a result, Polkadot launched in an “initial” state in May 2020, and token transfers were enabled in August 2020.

 

Advantages of Polkadot:

Polkadot’s design is meant to support various chains. It is not only a single blockchain that exists in isolation. There are several advantages to its approach:

  • Scalability: Polkadot supports various blockchains through a mechanism called “sharding” or parachains, which allows transactions to be processed efficiently and in parallel.
  • Interoperability: Several Polkadot parachains and applications can share information and functionality, thanks to the project’s interoperable design and compatibility between chains.
  • Specialization: Each Polkadot parachain can be tailored to a specific use case or application.
  • Forkless upgrades: Polkadot can be upgraded without time-consuming and divisive hard forks; new features can be added without overhauling the network entirely.
  • Upgradeability: Polkadot can support upgrades, without having to resort to drastic hard forks to implement change.
  • Pooled Security: The blockchains connecting with Polkadot can be secured by a unifying security umbrella. This can help protect small chains that don’t have effective security bootstrapping.

Historical Data Table:

Polkadot (DOT) Historical Price Data

 

Jan 06, 2021 9.62000 9.74950 9.74950 9.62000 389.41K
Jan 05, 2021 9.74950 9.51730 9.93640 9.21990 1.70M
Jan 04, 2021 9.51720 10.15870 10.15870 9.51720 2.55M
Jan 03, 2021 10.15870 9.21980 10.15870 8.99970 2.86M
Jan 02, 2021 9.21980 8.30000 9.67340 8.30000 3.19M
Jan 01, 2021 8.30070 9.27270 9.27270 8.24690 2.06M
Dec 31, 2020 9.26490 7.23200 9.26490 7.23200 3.18M
Dec 30, 2020 7.23200 7.54940 7.54940 7.15080 1.62M
Dec 29, 2020 7.51880 6.58080 7.51880 6.33580 2.41M
Dec 28, 2020 6.58080 5.14350 6.58080 5.14350 2.23M
Dec 27, 2020 5.14350 5.18790 5.32410 5.11050 1.07M
Dec 26, 2020 5.18790 5.21650 5.21650 5.15840 335.63K
Dec 25, 2020 5.21650 5.11110 5.21650 5.10060 516.56K
Dec 24, 2020 5.13460 4.72330 5.13610 4.72330 473.90K
Dec 23, 2020 4.72330 5.15990 5.15990 4.72330 391.90K
Dec 22, 2020 5.15990 4.87510 5.15990 4.86860 491.07K
Dec 21, 2020 4.87510 5.19430 5.19430 4.87510 780.32K
Dec 20, 2020 5.19430 5.34590 5.39000 5.11990 308.12K
Dec 19, 2020 5.34590 5.36410 5.48250 5.34590 309.02K
Dec 18, 2020 5.36410 5.34700 5.36410 5.26130 607.18K
Dec 17, 2020 5.34700 5.37310 5.56060 5.34700 1.09M
Dec 16, 2020 5.37310 5.24950 5.37310 5.13770 403.99K
Dec 15, 2020 5.24950 4.89630 5.24950 4.89630 370.80K
Dec 14, 2020 4.89630 4.88360 4.89940 4.85000 253.11K
Dec 13, 2020 4.88360 4.73420 4.95120 4.73420 462.57K
Dec 12, 2020 4.73420 4.61900 4.78410 4.61900 170.60K
Dec 11, 2020 4.61900 4.80170 4.80170 4.61900 203.01K
Dec 10, 2020 4.80170 4.87680 4.87680 4.77840 279.00K
Dec 09, 2020 4.87680 4.73290 4.87680 4.72450 474.83K
Dec 08, 2020 4.73290 5.05780 5.05780 4.73290 538.48K
Dec 07, 2020 5.05780 5.13250 5.13250 5.05780 73.63K

 

Monthly Change

Date Price Open High Low Change %
Jan 21 9.57000 9.27270 10.10000 8.24690 12.50M
Dec 20 9.26490 5.37780 9.26490 4.65000 18.04M
Nov 20 5.37780 4.18340 5.88630 3.94770 16.32M
Oct 20 4.18340 4.34750 4.84140 3.68430 12.82M
Sep 20 4.34750 6.28990 6.62710 3.95830 24.42M

 

Gold Historical Price Charts – XAU/USD Price History

Have you been keeping tabs on gold (XAU/USD chart) lately? It’s been on quite the journey since the beginning of 2023, with an increase of 133.47 USD/t oz. or 7.32% according to those who keep tabs on trading with a contract for difference (CFD).

XAU/USD Historical Data and Information

Gold is the world’s oldest mode of exchange. With its bright and glossy appearance, gold is not only visually attractive! It also has exceptional uses. Gold is regarded both as a long-term investment and as a short-term hedge in times of uncertainty or nervousness in the markets. Gold prices therefore usually display enhanced volatility during times of political or economic uncertainty, as this increases the investor demand for the precious metal, due to its global acceptability. Many economic factors influence the trading price of gold, including interest rates, inflation, the supply and demand of the yellow metal, the value of the US dollar and large gold transactions by central banks.

Current [[Gold-name]] Price: [[gold-price]]

[[gold-graph]]

 

Smilar Pairs

XAU/EUR, XAU/XAG

 

XAU/EUR

 

XAU/XAG

Historical Data Table:

XAU/USD Historical Price Data

[[Gold-table-day]]

 

Monthly Change

[[Gold-table-month]]

 

Why Look at Historical Gold Prices?

There are manifold factors involved in the determination of a bullish bias in gold. Let’s explore them one by one, in order to forecast the gold price.

US Dollar and FED Monetary Policy (Negative Rate Cuts): – Gold and the US dollar are negatively correlated nearly two-thirds of the time (when one advances, the other drops, and vice versa). While global investors do manage to run with the US dollar through periods of uncertainty, this type of movement was muted over the previous year, despite the trade war with China. They preferred to go with gold. The US Federal Reserve cut their interest rates from 1.75% to 1.25% in March, which drove sharp selling in the US dollar and triggered a bullish bias for the precious metal, gold. Later, considering the massive outbreak of COVID-19, the Federal Reserve decided to cut the rate even further on March 16, from 1.25% to 0.25%, which has made gold even more bullish this year.

Stock Market Crash – The recent 2020 crash on the US stock exchange wasn’t only limited to the US. Rather, it was a global stock market crash that began on February 20, 2020. On February 12, the Dow Jones Industrial Average, the NASDAQ Composite, and the S&P 500 Index all finished at record highs (while the NASDAQ and S&P 500 reached subsequent record highs on February 19). From February 24 to 28, stock markets worldwide reported their largest one-week decline since the financial crisis of 2008. The relationship between the gold prices and the stock markets is inverse. Mostly, the gold prices will drop when the stock markets are performing well and vice versa. Likewise, when the stock market collapses, the demand for gold increases, as more and more investors are looking at safer options.

The Coronavirus Pandemic – The COVID-19 outbreak, which was first identified in China, has infected people in 188 countries, and it has had a significant negative impact on the global economies, thus increasing the safe-haven demand in the market, and sending the gold prices to record highs. Since the beginning of the year, investors have turned to the safe-haven metal, and this sentiment has been sustained, due to fears of the second wave of the coronavirus. As a result of such situations, the global equity market often moves lower, while trading in safe havens, like the US dollar and gold, becomes bullish.

Geopolitical Tensions – China and the US have fired fresh sanctions at each other, in the ongoing conflict that has made gold futures climb to all-time highs.

Coffee Historical Price Charts – Coffee Price History

Coffee is a drink brewed from roasted coffee beans that come from the berries of certain coffee varieties. When the coffee berries change from green to bright red, they are picked, processed and dried. Then the dried coffee seeds (referred to as “beans”) are roasted to differing degrees to get various flavors. The roasted beans are ground and then brewed with near-boiling water to make the drink known as coffee.

 

Coffee is dark in color, bitter and slightly acidic, and it has a stimulating effect on the human body, mainly due to its caffeine content. It is one of the most popular drinks throughout the world, and it can be brewed and served in various ways, for example, as espresso, French press, caffè latte or filter coffee. It is normally served hot, although chilled or iced coffee is common, especially in summer. Sugar, sugar substitutes, milk or cream are usually used to reduce its bitter taste.

 

Historical Data Table:

Coffee Historical Price Data

 

Jan 11, 2021 121.45 122.30 123.20 118.75 21.76K
Jan 08, 2021 123.70 120.30 124.05 119.20 23.80K
Jan 07, 2021 121.10 121.00 122.75 119.35 17.99K
Jan 06, 2021 120.90 125.10 125.55 120.60 27.25K
Jan 05, 2021 125.10 125.95 126.55 122.30 22.17K
Jan 04, 2021 126.15 128.40 129.40 125.25 21.81K
Dec 31, 2020 128.25 125.70 129.00 125.60 15.66K
Dec 30, 2020 125.40 125.30 126.75 124.65 10.92K
Dec 29, 2020 125.40 123.95 125.90 123.20 11.05K
Dec 28, 2020 123.35 125.75 126.50 121.50 13.62K
Dec 24, 2020 125.95 124.50 127.65 124.50 8.99K
Dec 23, 2020 124.55 124.05 125.95 123.90 10.04K
Dec 22, 2020 124.20 123.90 126.60 122.90 15.06K
Dec 21, 2020 124.30 124.25 125.45 120.40 19.30K
Dec 18, 2020 123.70 126.30 127.80 123.68 –
Dec 17, 2020 125.05 126.30 126.30 125.00 0.00K
Dec 16, 2020 125.05 126.00 126.00 126.00 0.03K
Dec 15, 2020 123.10 124.55 124.55 124.55 0.01K
Dec 14, 2020 123.55 122.50 123.85 122.50 0.00K

 

Monthly Change:

 

Date Price Open High Low Change %
Jan 21 121.45 128.25 129.40 118.75 21.76K
Dec 20 128.25 120.20 129.00 114.75 104.84K
Nov 20 120.70 103.90 121.40 102.15 269.57K
Oct 20 104.40 110.95 113.35 102.95 388.63K
Sep 20 110.95 132.25 134.50 108.30 179.06K
Aug 20 129.80 118.20 130.80 109.70 293.81K
Jul 20 118.95 102.80 119.40 95.45 217.87K
Jun 20 100.05 95.85 101.45 92.70 290.45K
May 20 96.30 104.25 109.40 95.85 145.97K
Apr 20 104.65 117.75 122.00 102.65 204.47K
Mar 20 119.55 112.75 130.65 102.80 165.24K
Feb 20 110.10 102.00 111.50 97.40 338.35K
Jan 20 102.65 129.55 130.95 100.15 480.13K
Dec 19 129.70 118.00 138.40 118.00 154.74K
Nov 19 118.55 102.15 118.00 101.10 422.64K
Oct 19 101.95 101.05 102.90 92.20 553.71K
Sep 19 101.15 101.15 102.90 97.25 148.51K
Aug 19 93.60 97.85 98.95 89.60 334.98K
Jul 19 99.65 112.55 113.05 98.10 194.04K
Jun 19 108.25 104.85 109.00 94.00 440.76K
May 19 104.60 91.70 105.30 86.75 290.92K
Apr 19 91.85 94.05 96.95 86.35 495.27K
Mar 19 94.50 97.50 97.50 92.60 187.25K
Feb 19 95.20 106.15 107.00 93.60 330.46K

 

Why is coffee important to traders?

 

The reason could be associated with the huge number of users. As per the latest data, around 2.25 billion cups of coffee are consumed daily, making coffee beans one of the most traded soft commodities globally. As of now, the coffee market is worth about $ 100 billion annually. As a result, it has become one of the most interesting yet volatile investment tools to trade. While some use coffee futures and options to hedge their portfolio, others speculate with it.

 

Why do investors prefer to trade in coffee?

 

There are many major reasons for trading in coffee. Let me share some of the most common factors:

 

  • Diversification

 

Diversification is seen as one of the key factors behind the coffee demand in the forex market. The presence of coffee in an equity-only portfolio can lower the volatility, due to the absence of a correlation between this commodity and other asset classes.

 

  • Safe Haven

 

Commodities can act as safe-haven assets, which provide traders with protection against inflation and a declining US dollar in times of global economic uncertainty and market turbulence, like the coronavirus crisis.

 

  • Speculation on coffee prices

 

Commodities can be highly volatile, experiencing excessive price swings. Trading coffee CFDs is one way to try and profit from drastic silver price fluctuations.

 

Coffee trading requires some attention, due to the occasional high volatility of the market and a wide choice of available instruments, from coffee derivatives, such as futures and options, to shares in companies involved in the industry.

 

What factors influence coffee prices?

 

Trading in coffee comes with a certain degree of volatility, with key factors that influence supply and demand, for example:

 

  • Climate changes: Coffee grows on small trees, which means the crop is susceptible to adverse weather conditions, such as freezing, frost and prolonged periods of dry weather. If supply levels lessen, due to ruined crops, prices will rise; conversely, and if the supply increases, the prices will decrease.

 

  • Oil prices: the two leading exporters of coffee (Brazil and Vietnam) are not exactly next door to the world’s largest importers. If oil prices go up, transport costs will increase, which means coffee prices will rise too.

 

  • Geopolitics:  As we know, coffee is mainly grown in developing countries; consequently, any political uncertainty can impact global coffee prices.

 

  • Discretionary income: Coffee is not compulsory for a person’s diet (no matter how much we try to argue that it is). High unemployment in the US and the EU can decrease coffee consumption.

 

How can we trade in coffee:

 

There are several ways to trade in coffee using the CMC Markets CFD Trading platform:

 

  • Coffee futures: The standard futures contract is the most common trading method for coffee. This is where you agree to exchange a quantity of coffee with another party at a predetermined future date and price. If coffee doesn’t get your blood pumping, perhaps futures will, as coffee futures can make wide swings within each trading day.

 

  • Coffee options: Some people favor options in this market, as it can give you a bit more of a buffer against price volatility. With the use of options, the holder doesn’t have to buy or sell the asset if they don’t wish to.

 

  • Coffee ETFs: The ETF is an investment fund that follows the performance of the coffee market directly. It can be purchased and sold on a securities exchange. This method can give investors exposure to coffee futures without the need for a more complicated futures account.

 

  • Coffee company stocks: Traders can also invest in a coffee company, such as Dunkin’ (DNKN) and Starbucks (SBUX). Just four companies, Sara Lee, Procter & Gamble, Nestle and Kraft buy almost 50 percent of all the coffee produced worldwide.

 

 

Iron Ore Historical Price Charts – Iron Ore Price History

Iron ore is one of the most common elements in the earth’s crust. Iron ore is rock from which metallic iron can be extracted. Iron ores are normally rich in iron oxides, and they can be found in a variety of colors, including dark gray, purple, rust-red or bright yellow. The main types of iron ore are hematite and magnetite. Taconite is an inferior-grade iron ore. On its own, iron is not strong enough for construction purposes and the manufacture of other objects, therefore raw iron is mixed with other elements, such as manganese, tungsten, nickel, chromium and vanadium for better results. Steel made from iron is used in manufacturing, construction, the automobile branch and many other industrial applications.

 

It is estimated that the United States has 110 billion tons of iron ore reserves, which translates to 27 billion tons of iron. Most of this ore is taconite, which is found in the Lake Superior district of Michigan.

 

How the Iron Ore Market Works:

 

Iron ore is a fundamental component of the global iron and steel industries. Approximately 98% of mined iron ore is used in the manufacture of steel. Over 50 countries worldwide mine iron ore, including Australia and Brazil, which dominate the market share for exports.

 

Mines in Michigan and Minnesota account for the bulk of iron ore production in the United States. It is worth noting that the US mines generated 48 million metric tons of iron ore in 2019. Australia produced 930 million tons, followed by Brazil with 480 million tons. In 2019, global prices for iron ore averaged $ 112.15 per ton, which was up by 21%, from $ 93 per ton in 2018. Prices were $ 88 per ton as of March 2020.

 

What Factors Influence Iron Ore Prices?

 

The reason for the collapse in iron prices can mainly be attributed to a drop in the demand for steel from China, as they purchase approximately two-thirds of the seaborne iron ore supply, which promotes major producers such as BHP Billiton (BHP), Rio Tinto (RIO) and Vale (VALE). These companies also have access to low-cost iron ore deposits, and they benefit from economies of scale. The market has moved into oversupply, due to increased production, which has forced high-cost iron ore mines to scale back production or fold.

Uses of iron:

1: It can be used to produce steel, and it is also used in civil engineering, for girders, reinforced concrete, etc.

2: Iron can also be used to manufacture alloy steels, such as carbon steels, with additives such as nickel, vanadium, chromium, manganese and tungsten.

3: Iron is broadly used in the building of bridges, electricity pylons, bicycle chains, cutting tools and rifle barrels.

4: Cast iron contains 3–5% carbon. It is used for valves, pipes, and pumps.

5: Iron catalysts can be used in the Haber process for producing ammonia.

6: Magnets can be made of this metal and its alloys and compounds.

 

Physical Properties of Iron:

1 It rusts in humid air, but not in dry air.

2: Being a metal, it is magnetic in nature.

3: At room temperature, this metal is found in the form of ferrite or α-form.

4: At 910°C, it changes to γ-iron, which is much softer in nature.

5: It melts at 1,536°C and boils at 2,861°C.

6: It dissolves readily in dilute acids.

Why is Iron Considered Different from Other Elements?

The difference is the number of protons found in the nucleus of the atoms. The number of protons makes each element unique. These numbers are used to organize them on the periodic table. The number of protons that are found in the atoms of an element is called the atomic number. On the periodic table, this number is found above the element symbol. Iron has 26 protons, so its atomic number is 26. The fact that iron has 26 protons in its nucleus is what makes it iron. 

 

How is Iron Ore Produced? 

There are 3 steps involved in making Iron:

1: Extraction 

2: Refining 

3: Manufacturing

 

1: Extraction 

Most iron ore is mined in surface mines or open pit mines. Normally, heavy machinery removes the top layer of the earth over a wide area, exposing the iron ores. In rare cases, miners dig shafts into the earth, with side tunnels that allow them to follow the ore veins. Once the crude ore has been removed from the ground, it is loaded onto trucks and then the material is dumped into pit crushers.

 

2: Refining:

Pit-crushing machines crush the ore and separate the iron from contaminants, such as sand and clay. The best grades of iron ore have an iron content close to 70%, and they normally require less processing. 

Lower grade ores rarely require further refining methods, referred to as beneficiation: 

Further crushing and washing of the ores removes more sand and clay.

Magnetic separation is used to separate the iron from sand and clay

Pelletizing is a process of converting iron into pellets.

Sintering is a process of heating iron ores into a semi-molten mass.

 

3: Manufacturing:

Iron normally is produced in tower-shaped, brick-lined steel structures called blast furnaces. Iron ore, sinter, coke and limestone are poured into the top of the furnace, and hot air is blasted into the furnace from the bottom.

The hot air reacts with the carbon in the coke to generate carbon monoxide. The carbon monoxide then reacts with the iron ore to generate pure iron and carbon dioxide. Afterwards, the melted iron sinks to the bottom of the furnace, while the slag produced from the limestone reacting with the remaining impurities floats to the top. The iron and slag are removed from the furnace separately.