The flow of Gold from West to East in one picture

I’ve written quite a bit about the movement of gold from the East to the West.

Gold is falling on hot inflation, but can the Fed keep raising rates?

Hot inflation is usually seen as bad news for gold. When prices rise faster than expected, investors anticipate higher interest rates, which can pressure gold and silver. But on the latest Money Metals Midweek Memo, host Mike Maharrey argued that markets may be overlooking a bigger question.

Can debt-riddled american consumers stomach another Fed rate hike?

Everybody is convinced that the Federal Reserve will raise interest rates again in December. With October’s hot CPI print, some analysts even think the central bank will bump rates by 50 basis points.

Fed's Williams: Inflation remains too elevated

New York Federal Reserve (Fed) President John Williams said on Friday that inflation remains too elevated, adding that the central bank will have to act over time to bring inflation back to 2%. 

Gold falls to over one-year low below $3,900 amid inflation concerns, US PPI data looms

Gold price (XAU/USD) drops to a more-than-one-year low around $3,880 during the early Asian session on Friday. Persistent US inflation concerns and expectations of higher interest rates weigh on the precious metal.

Banks Lift Spot Bitcoin ETF Holdings to $258M in Q3 Filings

Barclays lifted its iShares Bitcoin Trust stake 48% in Q3 and Citi opened a $119 million position in Fidelity's spot Bitcoin ETF, 13F filings show.

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Poland’s Sejm Clears Pre-Court Crypto Freezes in 240-202 Vote

Poland's Sejm voted 240-202 to let the interior minister freeze crypto assets before court review. The bill goes to the Senate, then President Nawrocki.

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OCC grants Coinbase full national trust company charter

The OCC granted Coinbase a full national trust bank charter, moving its institutional custody business under direct federal supervision with a three-year migration plan.

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Nigeria tells stablecoin issuers: get licensed or leave

Nigeria's central bank has issued a licensing framework for stablecoin issuers: capital minimums, full reserve backing and a window for existing operators.

The post Nigeria tells stablecoin issuers: get licensed or leave appeared first on Forex Crunch.

CFTC gives exchanges 30 days to end geographic access restrictions

The CFTC has ordered designated contract markets to end domestic geographic access restrictions within 30 days under its Impartial Access Requirements interpretation, or explain why they cannot comply.

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