Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets— and may continue into the future. Here’s what you need […]
Cryptocurrencies fell sharply on Monday, bringing fresh momentum to a wide-ranging selloff that appeared to have settled. The crypto market is on shaky ground after a weeks-long selloff that began when some $19 billion in levered bets were wiped out in early October, just days after bitcoin set an all-time high of $126,251. (Bloomberg) Bitcoin […]
Gold rebounded as investors sought safety following a slump in global stocks due to concerns around elevated valuations. Gold is about 50% higher year-to-date, with prices touching a record last month before retracing some gains. (AFP) Spot gold prices rose toward $4,000 an ounce, after falling almost 2% in the previous session as the dollar […]