Central banks are driving the gold rally as they find new reasons to de-dollarize – Bloomberg strategist Simon White

Central banks are driving the gold rally as they find new reasons to de-dollarize – Bloomberg strategist Simon White

– 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.Volatility is rising in the crypto market on Friday as Bitcoin bulls briefly rallied to a new all-time high of $70,220 on Coinbase before bears smacked it back below $67,000.

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Central banks are turning to gold as they lose faith in bondsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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Gold Market Remains Steady as Investors Await Central Bank's Easing CycleThe gold market is ending the week with modest gains, it remains caught in its weeks-long channel as resistance at $2050 an ounce continues to hold. The gold market continues to attract investor attention even after imminent rate cuts were taken off the table, as the Federal Reserve has signaled that it will ease its monetary policy this year. Many analysts and economists expect the central bank to embark on its new easing cycle in June. Analysts remain bullish on gold as rates will inevitably move lower; however, according to some, gold could continue to struggle as many investors look for excitement in equity markets.
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