Crypto SWOT: The decentralized exchange PancakeSwap has launched a gaming marketplace
(Kitco commentary) - The decentralized exchange PancakeSwap has launched a gaming marketplace. The new platform lets developers build, launch, and update games with Web3 elements such as cryptocurrency and NFTs, writes Bloomberg.
Gold SWOT: UBS expects gold to reach new heights in 2024 and 2025
(Kitco commentary) - The best performing precious metal for the week was palladium, up 8.50%, likely on the prospects of interest rate cuts that could spur industrial growth and stronger auto demand.
Crypto SWOT: Circle Internet Financial is considering going public in early 2024
(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was FTT, rising 197.31%.
Gold SWOT: Palladium dropped below $1,000 an ounce for the first time in five years
(Kitco commentary) - The best performing precious metal for the week was gold, but still off 2.98%. China topped its gold holdings for a twelfth straight month in October, adding to a wave of purchases by global central banks that has lent support to bullion prices.
Crypto SWOT: Bitcoin briefly set a fresh 17-month high last week before retreating
(Kitco commentary) - Bitcoin briefly set a fresh, 17-month high before retreating from the $35,000 price level as traders say the battle between crypto bulls and bears is intensifying in the derivates market, writes Bloomberg.
Gold SWOT: Gold futures put in their fourth weekly gain last week
(Kitco commentary) - The best performing precious metal for the week was platinum, up 4.90%, but lacked headline news around the price movement.
Crypto SWOT: JPM Coin now handles $1 billion transactions daily
(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was FLOKI, rising 84.97%.
Gold SWOT: Year-to-date, gold is beating the S&P 500 Index
(Kitco commentary) - The best performing precious metal for the week was palladium, up 1.78%. U.S. stocks are in their third monthly decline while underwhelming corporate earnings and yields climbing above 5% have investors pondering their choices.
Crypto SWOT: Bitcoin topped $30,000 last week on growing expectations of a spot Bitcoin ETF approval
(Kitco commentary) - Bitcoin and other cryptocurrencies weakened on Thursday, but digital assets remained at relatively elevated levels as hopes persist that regulators will soon approve a spot Bitcoin ETF, a key catalyst for cryptos, writes Bloomberg.
GOLD SWOT: Gold hit a 13- week high last week on the back of safe-haven demand
(Kitco commentary) - - The best performing precious metal for the week was silver, rising 2.75%. Gold hit a 13-week high due to increasing geopolitical tensions and war between Israel and Palestine.
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