September 4, 2024

Bitcoin Sharpens Decline to Four-Week Low

Bitcoin Sharpens Decline to Four-Week Low

Bitcoin Sharpens faced significant losses on Wednesday, dropping to a four-week low as traders moved away from high-risk assets. The cryptocurrency’s decline is part of a broader trend driven by renewed concerns over a potential global economic recession, triggered by weak industrial data from both the US and China. This shift in market sentiment has …

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Gold Sharpens Its Decline to Two-Week Trough Before Crucial US Data

Gold Sharpens Its Decline to Two-Week Trough

Gold Sharpens prices extended their decline during Asian trading on Wednesday, marking the fourth consecutive session of losses. Investors are becoming increasingly cautious as they await key US labor data that could significantly influence the Federal Reserve’s decisions on interest rates later this year. The recent drop has pushed gold prices to two-week lows, breaking …

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Amid a Stock Rout: What’s Behind the Massive Losses in Global Markets?

Amid a Stock Rout: What’s the Massive Losses in Global Markets?

Amid a Stock the global markets recently experienced a significant downturn, with massive losses that have drawn comparisons to the infamous Black Monday. On Tuesday, the markets witnessed a dramatic selloff, raising concerns about a potential global economic contraction. The situation was further exacerbated by disappointing industrial data from major economies like the US and …

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Oil Prices Lose Over 4%, Brent Plumbs 2024 Lows

Oil Prices Lose Over 4%, Brent Plumbs 2024 Lows

Oil Prices Lose in global oil markets, have recently experienced significant turbulence, with oil prices plunging over 4% in American trade on Tuesday. This downturn marks a resurgence of losses for US crude, which is now nearing seven-month lows and poised to trade below the critical $70 per barrel threshold. Simultaneously, Brent crude has dipped …

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