Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,508.85 a troy ounce during late Asian trade, dipping 0.25%.
Ratings agency Fitch downgraded Greece's credit ratings by three notches on Friday, while Standard & Poor’s said Italy’ rating was at risk of a downgrade.
News that Spanish Prime Minister Jose Luis Rodriguez Zapatero led his Socialist party to its worst defeat in more than 30 years in local elections over the weekend raised concerns about how the country will address its debt problems.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.67% to hit 76.30, after earlier rising to a seven-week high of 76.33.
A stronger dollar saps demand for raw materials as an alternative investment and makes metals priced in the currency more expensive in terms of other monies.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
"It is a bit of a double-edged sword, because in theory any debt, any currency woes should play into gold's strength. But on the other hand if the euro is pummeled and the dollar strengthens, they offset each other.”
The lender projected gold prices would average USD1,460 in the third quarter of 2011, down from a previous estimate of USD1,510.
Elsewhere, silver for July delivery slumped 0.9% to trade at USD34.73 a troy ounce during late Asian trade, while copper for July delivery tumbled 2.1% to trade at USD4.019 a pound.
ForexPros.com - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. These include real-time data streams, technical and fundamental analysis by in-house experts, and a widely used economic calendar and Forex News.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.