July 17, 2024

Bitcoin Extends Gains to Four-Week Highs Amid Positive Sentiment

Bitcoin Extend Gains to Four-Week Highs Amid Positive Sentiment

Bitcoin Extend continued its upward trajectory on Wednesday, extending gains for the sixth consecutive session and reaching four-week highs amidst a surge in positive sentiment within the crypto market. Prices At Bitstamp, Bitcoin climbed by 1.6% to $66,129, marking its highest price since June 20. During the session, it reached a low of $64,561. Tuesday …

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Gold About to Trade Above $2500 for First Time in History

Gold Prices About to Trade Above $2500 for First Time in History

Gold Prices About surged in European trade on Wednesday, setting new record highs and nearing the historic $2500 mark. This rise marks the third consecutive gain, buoyed by falling US 10-year treasury yields and increased expectations of US interest rate cuts. Prices Gold prices rose by 0.55% today to reach $2482 an ounce, marking a …

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Gold Surges to Fresh Record Highs on US Rate Outlook

Gold Surges to Fresh Record Highs on US Rate Outlook

Gold Surges prices have soared to fresh record highs on Tuesday, driven by increasing expectations of multiple interest rate cuts by the Federal Reserve this year. The dollar remained mostly flat against major rivals, which further supported the rise in gold prices. Current Gold Market Performance As of 18:45 GMT, gold spot prices rose by …

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Oil Prices Skid to Four-Week Low on Chinese Demand Concerns

Oil Prices Skid to Four-Week Low on Chinese Demand Concerns

Oil Prices Skid took a significant hit in American trade on Tuesday, plunging to four-week lows. This decline marks the third consecutive session of losses, driven primarily by growing concerns over Chinese demand after data revealed that China’s GDP slowed more than expected in the second quarter. As traders now look forward to initial data …

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Dollar Continues to Rebound Ahead of US Retail Sales

Dollar Continues to Rebound Ahead of US Retail Sales

Dollar Continues making headlines recently as it continues to rebound in European trade. This trend is significant, especially with the US retail sales data for June just around the corner. Investors and analysts are eagerly waiting for this data, which is expected to provide crucial insights into the economic performance in the second quarter. But …

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