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Gold ‘Clearly Turned Bearish’ Says Societe Generale as TD Securities Strategists Expect Further Downside

Gold ‘Clearly Turned Bearish’ Says Societe Generale as TD Securities Strategists Expect Further DownsideAccording to market analysts, the precious metal gold is officially in a bear market and prices could remain suppressed over the next few weeks. Moreover, while the macroeconomic backdrop has been gloomy, the popular safe haven asset has lost 17.50% in value against the U.S. dollar during the last four months. TD Securities Market Analysts […]

Analysts Double Down on $200K Bitcoin Amid Trump-Harris Election Clash

While Stocks Rebound, Analysts Discuss Bitcoin’s Decoupling, Gold Markets Remain ‘Under Pressure’

While Stocks Rebound, Analysts Discuss Bitcoin’s Decoupling, Gold Markets Remain ‘Under Pressure’U.S. equities markets jumped on Thursday as stock traders saw some relief after a number of weekly losses. All the major stock indexes rebounded after falling for nearly eight weeks in a row, while the crypto economy took some losses on Thursday, losing roughly 4% against the U.S. dollar during the past 24 hours. Meanwhile […]

Analysts Double Down on $200K Bitcoin Amid Trump-Harris Election Clash

Massive Wall of Money Is Waiting To Enter Bitcoin and Crypto Markets, According to Shark Tank Investor Kevin O’Leary

Shark Tank investor Kevin O’Leary says regulatory clarity will allow institutional capital to flow into the crypto markets. In a new interview with Kitco News, O’Leary discusses US Senator Lummis and Senator Gillibrand’s latest proposal for a crypto regulatory framework. “I’m coming to the conclusion, particularly after the feedback from the institutions here at the [Bitcoin 2022] […]

The post Massive Wall of Money Is Waiting To Enter Bitcoin and Crypto Markets, According to Shark Tank Investor Kevin O’Leary appeared first on The Daily Hodl.

Analysts Double Down on $200K Bitcoin Amid Trump-Harris Election Clash

Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid

Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, CovidThe price of an ounce of gold dropped dramatically this week, slipping under the $1,700 handle to $1,688 per ounce on August 8. On Monday, gold regained some of the losses jumping 2.36% back above the $1.7K region to $1,727 per ounce of fine gold. Gold’s Volatile Movements This Weekend Blamed on a Number of […]

Analysts Double Down on $200K Bitcoin Amid Trump-Harris Election Clash

Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum

Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on EthereumOn August 4, the precious metals firm Kitco Gold announced the launch of a gold-backed stablecoin which will leverage an audit process via Cohen & Company with monthly attestation reports. Kitco has partnered with Tradewind Markets, First Digital Trust, and Stably, an asset tokenization provider. The gold-backed ERC20 tokens called “kitco gold (KGLD)” “represent one […]

Analysts Double Down on $200K Bitcoin Amid Trump-Harris Election Clash

Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’

Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to a financial crisis. Precious Metals Exec Says the Public Embracing Crypto May Lead […]

Analysts Double Down on $200K Bitcoin Amid Trump-Harris Election Clash

BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’The popular safe-haven asset gold recently posted the lowest settlement in three weeks, as a firm dollar and bond market yields have weakened support for the precious metal. The financial goliath BNY Mellon also published a report about the differences between gold and bitcoin and the study said that the crypto asset “fits the description […]

Analysts Double Down on $200K Bitcoin Amid Trump-Harris Election Clash