Crypto adoption: 15% or 7%? Fed survey casts doubt on Coinbase numbers

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 87 sec. here
  • 32 min. at publisher
  • 📊 Quality Score:
  • News: 139%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market. Since that time, Jordan has worked as a content creator for multiple projects and as a crypto news journalist reporting on the latest developments within the cryptocurrency market.

-The gold market has managed to bounce off of its nearly two-week lows, but solid activity in the U.S. manufacturing sector could weigh on the precious metal ahead of the Memorial Day long weekend. - Gold and silver prices are firmer in early U.S. trading Friday, as the precious metals bulls are working to stop the bleeding and stabilize their markets.

- The Federal Reserve’s reluctance to cut interest rates as inflation fears remain is creating some volatility in the precious metals market; - Gold prices could reach $5,000 to $7,000 per ounce, marking the beginning of a prolonged and substantial bull market. - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. - Friday, May 24—June bitcoin futures prices are weaker in early U.S.

- After hitting record highs above $2,450, the gold market is again struggling as hawkish sentiment from the Federal Reserve spooks markets; however, according to one market analyst, gold’s rally is far from over.In his latest gold commentary, John Ing, President and Chief Executive Officer of Maison Placements Canada Inc., reaffirmed his price target, expecting the precious metal to rise to $3,000 an ounce within the next 18 months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ERROR

Finance Finance Latest News, Finance Finance Headlines