(Kitco News) – After posting dramatic declines late last week and through the weekend, the cryptocurrency market continued its downward trajectory on Monday. Bitcoin (BTC) did manage to hold key support around $62k over the weekend, but after bulls managed to push King Crypto close to $67k by 6 am EDT, they ran out of
(Kitco News) – The gold market is not paying attention to U.S. inflation or U.S. interest rates as investors aren’t worried about opportunity costs in a world with unprecedented geopolitical and economic uncertainty, according to one market strategist. Thursday, in an interview with Kitco News, Kristina Hooper, chief investment strategist at Invesco, said that despite
(Bloomberg) — The junkiest corporate debt is becoming increasingly hazardous for investors amid mounting signs that a default cycle is picking up steam. Most Read from Bloomberg The holding company of Thames Water Ltd. this week failed to make payments that had come due on a £400 million bond ($504 million). It follows a plunge
(Kitco News) – Monday saw the return of bull market momentum for cryptos as Bitcoin (BTC) climbed back above $70,000 while several dozen altcoins recorded double-digit gains, exciting crypto traders and reigniting FOMO for underexposed investors. It was the opposite story for stocks, which fell under pressure at the market open to start the
The cryptocurrency bull market was firing on all cylinders in trading on Tuesday as Bitcoin (BTC) surged above $57,000 for the first time in more than two years, a disheartening move for traders who had been hoping for a significant pullback as an opportunity to allocate fund into the top crypto. While the rally
Digital assets entered a new era of legitimacy with the launch of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S., and as the flow data for the ETFs show, there is a healthy level of demand for access to BTC once the technical know-how to deal with crypto is eliminated as a
(Kitco News) – The Federal Reserve is in no hurry to shift its current higher-for-longer monetary policy stance, which has significantly weakened bullish momentum in the gold market, and according to some analysts, it will take a big miss in inflation to push the precious metal one way or another out of its current trading
(Kitco News) – Gold prices chopped around in a narrow $10 range between $2,016 and $2,025 this week, with only minor reactions to even the most significant data releases and corporate earnings reports. The latest Kitco News Weekly Gold Survey showed institutional experts and retail traders maintaining their cautious stance, with no clear consensus about
FRANKFURT, Jan 8 (Reuters) – Wealth inequality declined in the euro zone over the past five years, confounding some expectations, as a large middle class with widespread property ownership benefited from a house price boom, the European Central Bank said on Monday. The new data comes after the ECB faced years of criticism that a
(Kitco News) – Gold prices spent the first week of 2024 solidly above $2000 per ounce, but they were yanked up and down as markets attempted to calibrate their expectations of how soon the Federal Reserve will cut rates based on economic data releases. After trading sideways on Monday and Tuesday, gold sold off sharply