Introduction The Role of the Federal Reserve Mark Connors, director of research at digital asset-management company 3iQ, explains that both assets rallied due to optimism surrounding the Federal Reserve's monetary policy. Many investors believe that the Fed is nearing the end of its rate hike cycle and could potentially start cutting its key policy rate as early as March next … [Read more...] about Bitcoin and Gold Rally on Fed Rate Cuts
Gold
Gold Futures Head Lower as U.S. Jobs Data Boosts Treasury Yields
Gold futures are experiencing a downward trend as better-than-expected U.S. jobs data strengthens U.S. Treasury yields and the dollar. This has dampened investor interest in gold and is setting prices on track for their first weekly loss in a month. Weekly Loss in Gold Prices Gold for December delivery (GC00, -1.32% GCG24, -1.32%) has fallen by $22.90, or 1.1%, bringing the … [Read more...] about Gold Futures Head Lower as U.S. Jobs Data Boosts Treasury Yields
Glencore Maintains Full-Year Guidance as Copper Production Slips
Glencore, the Anglo-Swiss commodity mining and trading company, has confirmed its full-year guidance despite a slight decline in copper production during the first half of the year. While there were decreases in zinc and nickel output, cobalt and gold production saw increases. Copper Production In the first half of the year, Glencore produced 488,000 metric tons of copper, … [Read more...] about Glencore Maintains Full-Year Guidance as Copper Production Slips
