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December 9, 2024
Bitcoin drops to $99K as Trump rally loses momentum and concerns over Mt. Gox proceedings weigh on sentiment
Bitcoin edged lower on Monday, easing after a weekend rally as markets awaited further signals on crypto policy from incoming U.S. President Donald Trump. Concerns over potential distributions by the defunct Mt. Gox exchange also weighed on sentiment. Last week, a wallet linked to the exchange moved over $2 billion
December 9, 2024
Gold prices edge higher amid escalating tensions in Syria and South Korea, boosting demand for safe-haven assets
Gold prices inched higher in Asian trading on Monday, driven by geopolitical unrest in Syria and South Korea, which boosted safe-haven demand. However, gains were capped by the strength of the U.S. dollar. The yellow metal has shown limited movement in recent weeks, as heightened geopolitical tensions have been counterbalanced
December 7, 2024
Mexico is making every effort to safeguard its trade agreement with the US and Canada, an official states
Mexico is making every effort to safeguard its regional trade agreement with the United States and Canada, according to the country’s Deputy Economy Minister, Luis Rosendo Gutierrez, in an interview published Friday. The three neighboring countries, key trading partners, are currently embroiled in a trade dispute after U.S. President-elect Donald
The US dollar saw a slight increase on Friday, with traders exercising caution ahead of the highly anticipated monthly jobs report, while the euro continued to weaken. At 05:00 ET (10:00 GMT), the Dollar Index, which measures the greenback against a basket of six other currencies, was up 0.1% at
Eurozone productivity growth remained sluggish in the third quarter, even as the bloc’s economy experienced modest expansion, according to Eurostat data released on Friday. This marks a continuation of a prolonged period of weak productivity performance. Year-on-year, per capita productivity showed no change, while productivity based on hours worked grew
December 6, 2024
Column by Mike Dolan: The ECB would likely embrace a weaker euro
The European Central Bank (ECB) would likely welcome a weaker euro exchange rate, albeit quietly, while being much more cautious about any strengthening—especially at an inopportune moment. Given the subdued growth prospects and significant trade risks facing the eurozone in the coming year, the euro’s current strength may still be
December 6, 2024
Bitcoin price today: retreats from $100k as profit-taking kicks in, with markets eyeing payroll data.
Bitcoin dropped in Asian trading on Friday after a brief surge past the $100,000 mark, as traders took profits ahead of key U.S. economic data that could provide further guidance on interest rates. The world’s largest cryptocurrency reached record highs on Thursday, fueled by growing optimism over potential crypto-friendly regulations
December 6, 2024
Morning Bid: Cautious markets await payroll data
A look at the day ahead in European and global markets from Stella Qiu Risk sentiment took a hit in Asia on Friday due to renewed political tensions in South Korea, unsettling investors as they awaited a critical U.S. nonfarm payrolls report that could influence expectations of a Federal Reserve
South Korea Scrambles to Defend Currency Amid Martial Law Crisis Minutes after South Korean President Yoon Suk Yeol imposed martial law on Tuesday night, plunging the nation into its most severe crisis in decades, Finance Minister Choi Sang-mok immediately prioritized stabilizing the currency. By 11 p.m., Choi, who opposed the
December 6, 2024
Gold prices edge higher as nonfarm payrolls and geopolitical tensions remain in focus
Gold Prices Inch Higher Amid Focus on U.S. Payroll Data and Geopolitical Tensions Gold prices rose modestly in Asian trading on Friday as investors awaited key U.S. payroll data for insights on future interest rate trends. Geopolitical uncertainties also bolstered demand for the safe-haven metal. The yellow metal appeared set