Gold prices broke their all-time high above $2,100 an ounce (C$2,830) on Monday, with brokers betting on the Federal Reserve to cut interest rates in the new year. The precious metal reached $2,135.39 in early Asian trading, surpassing the previous all-time high set in 2020 during the pandemic. In recent weeks, forex traders have flocked … [Read more…]
Bitcoin (BTC) held closer to $40,000 on December 3 after weekend gains reinforced a “strong” uptrend. BTC/USD 1-hour chart. Source: TradingView Bitcoin leaves $60 million hanging on shorts Data from Cointelegraph Markets Pro and TradingView showed a fresh BTC price surge, taking BTC/USD to new 2023 highs of $39,730. These built on the upward momentum … [Read more…]
(Bloomberg) — The final week of 2023 is expected to be much quieter on Wall Street after a sharp rally that brought the U.S. stock market within striking distance of its record. Most read by Bloomberg Stocks edged higher on light volume, tracking the S&P 500’s longest weekly rise since 2017. The Federal Reserve’s dovish … [Read more…]