|Day's range||1,977.50 - 2,000.50|
The Swiss firm aims to allow financial institutions and corporates to issue tokenized assets on the Ethereum layer 2 network.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
U.S. stocks are seen opening higher Friday as investors cheer the passage of the debt ceiling bill through Congress ahead of the release of the keenly-anticipated monthly jobs report. At 07:00 ET (11:00 GMT), the Dow Futures contract was up 165 points, or 0.5%, S&P 500 Futures traded 20 points, or 0.5%, higher and Nasdaq 100 Futures climbed 55 points, or 0.4%. The U.S. Senate approved on Thursday a deal to raise the country's borrowing limit, following on from the lead of the House of Representatives the previous day after weeks of partisan strife.
Gold slipped on Friday as hotter-than-expected U.S. jobs data lifted Treasury yields, though it was on track for a weekly gain as a higher unemployment reading kept alive hopes that the Federal Reserve would pause interest rate hikes. Bullion has gained 0.9% so far this week and is on track to break a 3-week losing streak. U.S. nonfarm payrolls grew by 339,000 in May, beating expectations for an increase of 190,000, but the unemployment rate rose to 3.7% from a 53-year low of 3.4% in April.
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USDT has reached a $83.2 billion market capitalization, recovering all its losses since the implosion of blockchain project Terra more than a year ago.
BTC and ether both lost ground in May, the first monthly decline of 2023. LTC and RNDR were among the month’s big gainers.
Investing.com -- Gold and copper prices edged lower in Asian trade on Friday as markets hunkered down ahead of key nonfarm payrolls data for more cues on the U.S. economy, although both metals marked a strong recovery from recent lows this week.
The elections in Turkey and subsequent ministry approval to resume gold bar dore production led to a great week for Centerra investors.
The dollar has remained mostly steady pre-NFP as the majority consensus shifted back to a hold on 14 June.
Investing.com -- Gold futures popped above $2,000 an ounce on Thursday, the first time in two weeks, and settled not far from there as the yellow metal looked poised for its best weekly return since March as the dollar tumbled on weaker U.S. employment and manufacturing data that suggested a rate hike pause in the next two weeks.
For the fourth time in 123 years, this ultrapopular commodity appears to be on the verge of a significant bull market.
Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve.A bill that suspends the $31.4 trillion debt ceiling - and averts a catastrophic government default - sailed through the House of Representatives on Wednesday after a majority of both Democrats and Republicans backed the measure despite opposition from hardline members of both parties. The U.S. Senate will follow up by considering the bill.
(Bloomberg) -- Newmont Corp., the world’s biggest gold producer, plans to invest a total of $540 million to extend the life of a key mine in Argentina, the government said.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpThe project
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Investing.com -- Gold prices rose on Thursday, extending a recovery from two-month lows amid resurgent bets that the Federal Reserve will hold interest rates steady in June, while a bill to raise the U.S. debt ceiling drew closer towards passing after being approved by the House of Representatives.
Welcome to Bizarro Crypto, where actually launching a project is the worst possible plan.
With gold operations affected for the past year at a core asset, the company is on the verge of resuming operations.
(Bloomberg) -- China’s Zijin Mining Group is asking the Colombian government to retake control of the territory surrounding its Buritica gold mine after the operation suffered a new attack.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysDebt-Limit Deal Heads to House V
The Chinese yuan has declined by 2.7% against the U.S. dollar this month, while bitcoin has dropped by 7.3%.
"I don't really see a compelling reason to pause rate hikes," Fed's Mester said, validating the recent hawkish repricing of interest rate expectations in the U.S.
Gold firmed on Wednesday supported by lower Treasury yields but the dollar's strength, with more interest rate hikes in the offing and optimism about a U.S. debt deal kept bullion on course for its first monthly dip in three. Spot gold was up 0.4% at $1,966.89 per ounce by 1418 EDT (1818 GMT) on weaker-than-expected Chicago Purchasing Managers' Index (PMI) data, before paring some gains on stronger U.S. jobs data. "We've had kind of a push-pull effect," amid support from lower yields and pressure from the dollar, said David Meger, director of metals trading, High Ridge Futures.
Also: Bitcoin and volatility have a tricky relationship. BTC steadies below $28K after dip.
Investing.com -- Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China.
BHP Group's (BHP) collaboration with Microsoft will help improve copper recovery at the Escondida mine with the help of artificial intelligence and machine learning.