August 13, 2024

Citigroups Head of Digital Assets for Markets Unit Departs

Citigroups Head of Digital Assets for Markets Unit Departs

Citigroups Head, Shobhit Maini, the head of digital assets for the bank’s markets unit, is stepping down after more than 14 years. This move marks a pivotal moment for Citigroup, especially as it continues to navigate the evolving landscape of digital assets. This article delves into the details of Maini’s departure, the implications for Citigroup, …

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Gold gives up two-week high ahead of US inflation data

Gold give up two-week high ahead of US inflation data

Gold give up prices have recently faced a decline after hitting two-week highs, driven by profit-taking as traders await critical US inflation data. This shift comes amidst a backdrop of fluctuating investor sentiment and anticipation of potential Federal Reserve rate cuts. As gold prices hover around significant levels, market participants are keenly awaiting data that …

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US dollar stabilizes ahead of crucial data

US dollar stabilizes ahead of crucial data

US dollar stabilizes, holding steady against most major currencies as market participants brace for a crucial week ahead. This relative calm follows a period of significant volatility, notably the recent selloffs that had rattled Wall Street. As we await key economic data this week, let’s dive into how the dollar is performing and what lies …

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Wall Street Gains Ground Ahead of Inflation Data

Wall Street Gains Ground Ahead of Inflation Data

Wall Street Gains experienced a mixed trading session on Monday, with most major U.S. stock indices managing to gain ground. This comes as investors eagerly await a slew of key economic data that could provide insights into the future direction of the U.S. economy. Last week saw significant volatility, with markets rattled by fears of …

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Bitcoin Climbs Above $60,000 Once More as US Yields Slow Down

Bitcoin Climbs Above $60,000 Once More as US Yields Slow Down

Bitcoin Climbs Above once again crossed the $60,000 mark, driven by improving risk sentiment in global markets. This latest surge comes as US 10-year treasury yields slowed down, encouraging investors to dive back into riskier assets like cryptocurrencies. As the market braces for important US inflation data, which could provide more clues about potential interest …

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Gold Moves Towards Record Highs Ahead of US Inflation Data

Gold Moves Towards Record Highs Ahead of US Inflation Data

Gold Moves Towards is shining brighter than ever, with its prices edging closer to record highs. This glittering ascent is closely tied to a mix of factors, including the anticipation of US inflation data that could heavily influence future Federal Reserve decisions. As we navigate through these uncertain times, gold is once again proving its …

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