Browsing: Market Updates

Gold prices continue to trade in positive territory, holding firm near $2,920 in early Thursday’s Asian session. Geopolitical uncertainties, escalating US trade tariffs, and safe-haven demand are fueling interest in the precious metal. However, a hawkish Federal Reserve (Fed) stance on inflation could limit the upside potential for gold in the near term.

The cryptocurrency market took a sharp downturn, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) suffering major losses. After weeks of consolidation, BTC plunged below $94,000, dragging the broader market lower. Ethereum and XRP followed suit, dropping nearly 11% and 12%, respectively.