Analysts and stakeholders expect gold prices to rise as the year runs out because of macroeconomic factors and recession risks.
Prices on the Dutch Title Transfer Facility, the European benchmark, rose to more than €43 per megawatt-hour, reaching an intraday record high. On Thursday, the price slightly fell to €39.82.
Bitcoin’s volatility is at a 5-year low with K33 research analyst predicting that the period of low volatility could be ending soon amid pure structural squeezes.
Galaxy Digital’s Mike Novogratz recommends strong exposure to Bitcoin, Ether, gold, silver, etc. for investors with high risk tolerance.
The Goldman Sachs head of oil research noted that crude oil production in the US had soared exponentially in the last twelve months.
Most analysts and traders expect the Federal Open Market Committee (FOMC) to vote for holding the rates as they are.
The significance of OPEC+ in the global oil market cannot be understated, as the alliance accounts for approximately 40% of the world’s crude oil production.
OPEC+ will continue with its plan to cut down on production and reduce supply, but did not change its target notwithstanding further cuts.
The debt ceiling bill’s approval provided even another reason for the positive rally in stock futures.
Crop commodities, including orange juice, are bullish following several underperforming weeks and could hit record highs May-ending.
Amid mounting debt-limit default risks, US investors have turned to Bitcoin as ‘digital gold’ to better hedge their savings.
Palantir also revealed that it closed the quarter with $1.62 billion in US Treasury securities.
Tether continues to dominate the stablecoin market with a market cap of over $82 billion and is currently the third-largest cryptocurrency by market cap.
Despite the fall off of the US stock futures, there is no doubt that the fight against inflation is yielding a relatively positive fruit in the United States.
A Bitcoin futures index in Argentina is a huge relief as the country is currently struggling with high inflation.