Is gold ready to take a breath next week after hitting record highs?After an impressive seven-day rally, which pushed prices to an all-time high of $2,203, the gold market could see some consolidation in the near term; however, many analysts agree that this is not the end of gold’s uptrend.Although gold is ending the week down from Friday’s highs, it has still seen its best performance since July 2020. April gold futures last traded at $2,184.80 an ounce, up more than 4% from last Friday.
– While the weaponization of the dollar is a major issue, U.S. fiscal deficits and the greenback’s weakness down the road are also driving the world’s central banks to accumulate gold, according to Bloomberg macro strategist Simon White.Déjà vu for crypto investors as Bitcoin hits a new ATH, plunges 6%, then recovers above $69k
It was a volatile, yet overall positive close to the week for the cryptocurrency market as Bitcoin spiked to a new all-time high, to go along with new highs for the S&P 500 and Nasdaq.As digital assets enter a new era of legitimacy, Securitize Credit’s Reid Simon says private credit is one of the most promising applications of real-world asset tokenization.
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