– While gold prices continue to trend sideways, the consolidation pattern hasn’t broken key support levels and the precious metal still shows every indication of moving higher in the near term, according to analysts at FX Empire.The cryptocurrency market saw a slight recovery from the recent lows in trading on Thursday, but volatility remains as the Bitcoin halving is less than 30 hours away.
With the Bitcoin halving set to transpire in less than 36 hours, the crypto community's attention has turned to miners, with analysts expecting the industry to undergo consolidation post-halving.A decade long exit from the gold sector - Pretium founder Robert Quartermain explains why gold equities haven’t caught fire
"Over the last decade we've seen a lot of movement of money out of the gold space," said Quartermain."Over a decade ago when we were building the Brucejack Mine, many portfolio managers with a lot of gold assets under management left or those funds were depleted in size." – The recent piling in of momentum traders into the gold market has increased the odds of a sudden and sharp slide in prices, according to HSBC Chief Precious Metals Analyst James Steel.
– One year to the day after one of the largest gold heists in history, Canadian police announced the arrests of five Canadians and one American, with three others still at large.Ernst & Young has announced the launch of EY OpsChain Contract Manager , an Ethereum-based solution designed to help private business clients execute complex contracts.
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