In 2024, gold rose by more than 27%, and the US index hit a two-year high! Musk once triggered a 126,000% rise in related tokens, and Russia has interrupted the supply of natural gas to Europe through Ukraine. What major events happened around the world last night and this morning?
The Nasdaq China Golden Dragon index rose more than 9 percent to a four-month high.
Bitcoin posted its biggest intraday gain in more than a month on Tuesday as the prospect of a Federal Reserve rate cut is expected to boost demand for speculative assets. Bitcoin rose as much as 6.4% to $61,337, its biggest intraday gain since August 8. Smaller cryptocurrencies such as Ethereum, Dogecoin and Solana also moved higher. Swap market pricing suggests the Fed will cut interest rates by at least 25 basis points on Wednesday, with a probability of a 50 basis point cut around 55%. "I thi...
Mitsubishi UFJ Bank's decline widened to 21%, and its share price hit a record low.
Treasury bonds continued to rise, with 5- and 10-year Treasury yields hitting their lowest levels since March.
Gold prices hit another all-time high as hopes for a cut in interest rates from the Federal Reserve mounted and some traders ramped up their bets on Mr. Trump's re-election as US president. Spot gold briefly hit $2451.44 an ounce, breaking a previous high set at the end of May. Signs of slowing US inflation have fuelled speculation that the Fed will soon start cutting interest rates. Investors across markets are also weighing the chances of Mr. Trump returning to the White House as his campaign ...