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 MoreOracle Could Have a Massive AI Opportunity. Here’s Where the Stock Could Go
Oracle just posted its strongest cloud growth in years, yet the stock sits near a 52-week low while Wall Street debates whether the debt-fueled AI buildout is a trap or a once-in-a-decade entry point.
Our 24/7 Wall St. price target for Oracle (NYSE:ORCL | ORCL Price Prediction) is $195.90.
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Read MoreThe Burst
Market Commentary: 1 Stunning Growth Stock Screaming SELL?
1 Stunning Growth Stock Screaming SELL
Read MoreThe Ivy
Stunning Win-Win Deal For Top Magnificent 7 Stocks
In stunning news announced earlier this week, Apple revealed that it is looking to partner with Alphabet to allow Google’s Gemini to power iPhone AI features.
The announcement was stunning on numerous counts. Notably, both stocks ended the trading higher on the news. That fact alone suggests that the market interprets the deal to be a win-win.
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