Gold / US Dollar Spot
Bitcoiners take a victory lap as crypto holds up well during market turmoil
Bitcoiners are taking a victory lap after it held up relatively well this week, as the broader market took it for a wild roller coaster ride. The flagship cryptocurrency followed equities higher on Friday to end the week with a 5% daily gain. That move put it up 5.4% for the five days ended Friday, […]
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Bitcoin rises slightly, holding at $83,000 as global trade war deepens stock market slide
Fernando Gutierrez-Juarez | Picture Alliance | Getty Images Bitcoin held its head above water after China retaliated against President Donald Trump’s tariffs, while stocks continued to crater following their worst day since 2020. The price of the flagship cryptocurrency was last higher by 1.7% at $83,396.89 on Friday, according to Coin Metrics. Most of the […]
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Four big reasons to own gold into 2025
Gold is on track for its best week in more than a year, and UBS thinks the precious metal has even further to go. On Friday, spot gold rose about 1% amid increasing tensions between Russia and Ukraine . That helped drive gold’s week-to-date gain above 5%, on pace for the largest weekly percentage increase […]
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Trump victory drives gold to near 2-month lows as investors pile into equities, cryptocurrencies
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices extended their decline to a near two-month low Thursday amid risk-on sentiment and as the dollar continues to strengthen following Donald Trump’s election victory […]
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‘New bullish phase’? As gold hits another high, analysts say more records are in sight
Close up stack of gold bars, financial wealth concepts and business Vector Photo Gallery | Istock | Getty Images Gold is in a “new bullish phase” after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights. “Gold […]
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As gold hits another record high, the pros reveal their outlook for the precious metal
Macroeconomic uncertainties, mounting geopolitical tensions and a desire to hedge against inflation have given gold — the classic “safe haven” asset — a blistering rally. Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. Year-to-date, spot gold is […]
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From gold and silver, to oil and aluminum: Where analysts see prices now the Fed has cut rates
The U.S. Federal Reserve cut its benchmark interest rate on Wednesday and more reductions are expected in the coming months. Analysts at both Citi and HSBC have taken the opportunity to do deep dives into how commodities are likely to perform looking ahead. Citi said in a fourth-quarter outlook report that the U.S. and global […]
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Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point
Roslan Rahman | AFP | Getty Images Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half percentage point reduction in interest rates, the first in more than four years. The price of bitcoin was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building […]
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Gold has rallied ahead of Fed rate cuts. Here’s why there could still be more upside
The start of a Federal Reserve rate-cutting cycle often coincides with a rally for gold, but investors might be surprised to find out that the upward move has already been going on all year. Spot gold entered Wednesday up nearly 25% in 2024, outpacing the S & P 500 and Nasdaq Composite . The Fed […]
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What a Fed rate cut could mean for the world
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada, […]
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