May 31, 2024

Euro Moves in a Negative Zone Ahead of German Inflation Data

Euro Moves in a Negative Zone Ahead of German Inflation Data

Euro Moves in fell in European trade on Wednesday against a basket of major rivals, moving away from two-week highs against the dollar due to profit-taking. Investors are exercising caution ahead of significant German inflation data, which will provide crucial insights into the inflation trajectory for the entire eurozone and help shape future monetary policies. …

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Silver on Track for Largest Monthly Profit Since 2020

Silver on Track for Largest Monthly Profit Since 2020

Silver on Track prices rose on Friday after a two-day hiatus, positioning the metal for its largest monthly profit since 2020. This surge is driven by strong retail demand and slower US 10-year treasury yieldsas investors eagerly await critical US personal spending data to gauge future monetary policy directions. Market Performance Silver Price Movement Silver …

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Bitcoin Extends Losses Amid Mounting Risk Appetite

Bitcoin Extends Losses Amid Mounting Risk Appetite

Bitcoin Extends experienced a significant drop on Wednesday, marking its second consecutive loss as investors shifted their focus from risky assets to the safety of US treasury bonds. The cryptocurrency market faced additional pressure as the MT Gox platform moved a substantial amount of bitcoins, intensifying selling pressures. Market Performance Bitcoin Price Movement Bitcoin fell …

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