The SEC has issued a Wells notice to Uniswap Labs, the main developer behind the Uniswap decentralized exchange, suggesting that a lawsuit against the platform is imminent. - While the gold market takes a break and consolidates its recent record-high gains of around $2,350, there is still plenty of potential within the precious metals market, as analysts recommend traders look at the potential value of silver and PGMs.
-The gold market is holding its ground near record highs as the European Central Bank continues to hold interest rates unchanged.In a much-anticipated move the ECB said it would leave interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 4.50%, 4.75% and 4.00% respectively.The gold market is not seeing much movement in initial reaction to the latest monetary policy decision. Spot gold last traded at €2,177.
- Nearly all members of the Federal Open Market Committee still believed it would be appropriate to cut rates this year, and they also favored cutting the pace of monthly asset runoff by 50%, but some cautioned that recent rises in inflation were broad-based and not ‘noise’, according to the minutes from the March 19 - 20 meeting released Wednesday afternoon.
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