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Equities Edge Higher as Precious Metals Surge; Crypto Retreats on Profit-Taking
U.S. stocks post modest gains led by industrials, gold jumps nearly 2%, while Bitcoin and Ethereum pull back after strong ETF inflow week.
By Mo Rawaha
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U.S. stocks post modest gains led by industrials, gold jumps nearly 2%, while Bitcoin and Ethereum pull back after strong ETF inflow week.
Equities edge higher, gold surges 1.95%, and crypto rips on expanded Treasury operations that pulled long-term yields off 19-year highs.
FT Markets highlights three intertwined summer hotspots. Policy uncertainty around a potential reformist Fed chair, persistent yen weakness with intervention risk, and a concentrated US earnings season could reset pricing across equities, FX, and rates.