Bitcoin spot ETFs see $526.6 million inflows on October 19 as Ethereum and Solana funds bleed
Gold Holds Decline as Energy-Led Inflation Weighs on Rate Path
(Bloomberg) — Gold held a decline, as elevated oil prices fueled inflation concerns and clouded the Federal Reserve’s path for interest-rate hikes.
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Bullion was trading at around $4,135 an ounce, after falling 0.6% in the previous session. Oil hovered near a five-month high after Iran said it has “no choice”
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Read MoreInflows in gold ETFs continue to be net positive for the 13th week in a row
Investments in physically backed gold exchange-traded funds (ETFs) were net positive last week, with investors in the US and China finding value in the yellow metal, data from the World Gold Council (WGC) showed. It was for the 13th consecutive week that inflows were positive.
According to data, inflows into gold ETFs were $2.3 billion,
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Read MoreX Energy (XE) Could Be 16% Undervalued As Valuation Views Split
X-Energy (XE) sits in focus as investors weigh a nuclear technology story with US$150.28 million in revenue, a reported net loss of US$448.87 million, and a recent share price of US$10.54.
The recent pattern around X-Energy has been choppy, with a 1-day share price return of 1.74% offering a brief rebound after the stock fell 17.14% over 7 days and declined 63.90% year to date.
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Read MoreAsia stocks curb some losses as AI rout eases; China rebounds amid bear market
Investing.com– Most Asian stocks reversed early losses on Friday as a rout in technology and artificial intelligence valuations halted, while Chinese markets rebounded after slumping into a bear market this week.
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Read MoreThe Burst
Market Commentary: 1 Unlikely AI Play You Should Not Ignore
When you think of AI plays, Airbnb is not the first company that springs to mind. Yet, Brian Chesky’s firm has made a splash by snapping up GamePlanner.ai for $200 million.
Although it’s not apparent at first glance how artificial intelligence plays into the Airbnb business model, a deeper dive reveals the genius behind the acquisition.
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Read MoreThe Ivy
Has The AI Bubble Officially Burst?
You’ll never guess who has turned bearish on AI? It seems one of the most prestigious names on Wall Street, Goldman Sachs, has done a U-turn and is betting against a continuation of the momentum previously seen in artificial intelligence stocks.
While Goldman has a long history of staying bullish, often for too long,
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