The price of bitcoin fell at one point Monday to its lowest low since September 2021, as rising rates continue leading investors to shed positions in risky, growth-oriented assets.Bitcoin fell as much as 6% to touch a low of $39,771.91, according to Coin Metrics, but has since reclaimed some of …
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Gold settled on Monday near its lowest level in three weeks, as traders awaited US inflation data for the month of December, which may boost expectations that the Federal Reserve will raise interest rates sooner than expected after weak data on the US employment rate. There was little change in …
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Gold prices fell Thursday, January 6, as US Treasury yields rose, after the minutes of the Federal Reserve’s December meeting indicated the fastest rate hike in interest rates to curb inflation. Yields on benchmark 10-year US Treasury bonds rose to the highest level since April 2021, raising the opportunity cost …
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The XAU/USD Index has managed to hold above $1800, more gains could lead to a test of $1830. Gold prices are rising on Tuesday after strengthening during the American session even as US yields remain high. Gold recently climbed to 1814$, reaching a fresh daily high, trimming Monday’s losses and …
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Eurozone government bond yields fell on Thursday as the new Omicron coronavirus variant dampened risk sentiment.European shares dropped after a recovery in stock markets overnight was wiped out when United States identified its first known COVID-19 case caused by the Omicron variant in a fully vaccinated patient. read moreThat news …
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The New Zealand dollar has extended its losses and t the start of the week. NZD/USD is currently trading at 0.6970, down 0.40%.The deterioration in risk sentiment sent the New dollar sharply lower on Friday, as the currency fell 0.68% and ended the week just below the 70 level, at …
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The Federal Reserve Bank warned on Monday that stresses in the Chinese real estate sector posed risk to the US financial system, pointing out that the impact of the heavily indebted property companies like Evergrande could be a potential source of worldwide contagion.“Given the size of China’s economy and financial …
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