Gold has historically been an investor’s best friend when it comes to a store of value, but a certain digital currency is looking to elbow its way into the haven-asset mix with this week’s launch of spot bitcoin exchange-traded funds.“The relevance of gold GC00, -1.05% GCG24, -1.05% and gold ETFs…

© Reuters. A Wild Ride for US 10-Year Yield in 2023: Ending Where It Began Quiver Quantitative – The year 2023 has been a rollercoaster for the US (TLT), characterized by dramatic fluctuations but ending the year remarkably close to where it started. This outcome stands as a stark contrast…

Investing.com– Gold prices rose in low-volume Asian trade on Tuesday, breaking out of a trading range seen through most of December as soft U.S. inflation data fueled more bets on early interest rate cuts in 2024.  The yellow metal saw a strong run of gains in recent sessions, following a…

By Ketki Saxena Investing.com — The Canadian Dollar traded in a tight range vs. its US counterpart today, as markets await impetus from tomorrow’s I print. The gained some support from an uptick in risk-sentiment, reflected in equities. However, the commodity linked loonie faced pressure from sliding crude prices, following…

Last updated: January 16, 2024 23:41 EST | 1 min read Source: Pixabay ProShares has filed prospectus materials for five leveraged and inverse bitcoin ETFs days after the US SEC approved 11 spot Bitcoin ETFs. Spot Bitcoin ETFs trading which began on January 11, has already seen massive trading volumes,…

The U.S. launched a strike on a Houthi-controlled radar site in Yemen, a day after a U.S.-led coalition launched attacks on Houthi rebel targets in Yemen in an effort to reduce the threat to commercial shipping in the Red Sea. U.S. Central Command, in a statement late Friday, said the…

© Reuters. Wall Street Misses Unexpected Bull Market in 2023 Quiver Quantitative – The year 2023 emerged as a period of surprising market resilience, defying Wall Street’s grim forecasts and manifesting a significant stock rally. Contrary to expectations, the S&P 500 (SPY) and (QQQ) experienced significant gains, with the latter…

By Francois Murphy VIENNA (Reuters) -Iran has reversed a months-long slowdown in the rate at which it is enriching uranium to up to 60% purity, close to weapons grade, the U.N. nuclear watchdog said on Tuesday. Many diplomats believed the slowdown, which had begun by June, was the result of…

Investing.com– Most Asian currencies rose slightly on Thursday, while the dollar trimmed a bulk of its new year gains in anticipation of key U.S. inflation data for more cues on when the Federal Reserve could begin cutting interest rates. But the hovered near one-month lows, seeing fresh weakness on growing…

Last updated: January 15, 2024 23:25 EST | 1 min read Image Source: HashKey Group In a recent funding round, HashKey Group, the operator of one of Hong Kong’s two licensed crypto exchanges, successfully raised close to $100 million with a valuation of over $1.2 billion.Hashkey Group announced the completion…