Gold price forecast looks bearish, dragged by fundamental risks, technical indicators - FX Leaders’ Butt
(Kitco News) – Gold prices look set to continue their recent retracement as the technical and fundamental picture worsens, according to Arslan Butt, Lead Commodities and Indices Analyst at FX Leaders.
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Bitcoin price consolidates below $68k, Standard Chartered predicts $250k peak this cycle
The crypto market is officially in consolidation mode as Bitcoin now trades below $68,000, but Standard Chartered sees it climbing as high as $250,000 before the cycle is done.
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Iron ore price rebounds on upbeat China data, lower shipments
Prices of iron ore futures rebounded on Monday after upbeat data in top consumer China renewed hopes for a pick-up in steel demand in coming weeks and as some traders liquidated their short positions.The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) recouped lost ground and ended daytime trade 0.9% higher at 803 yuan ($111.56) a metric ton, following an 11% week-on-week drop on Friday.The benchmark April iron ore on the Singapore Exchange was up 3.7% at $103.65 a ton, as of 0835 GMT.