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Gold and Bitcoin in traders' focus amid the U.S. banking crisis

From exness.com

Two assets that are in focus for today are gold and Bitcoin. BTC serves as an alternative store of value amid collapsing regional banks in the US. Then there’s gold, the usual hedge, rising in value thanks to credit default swaps for US banks. So, what are the forecasts circulating for these two volatile assets in 2023? The U.S. interest rate decision was published on Wednesday along with a press conference with Jerome Powell. Once again, the interest rate was raised, this time to 5.25%. As anticipated, the scheduled one-step hike went as planned. The current consensus forecast suggests that it will be the last ... (full story)

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  • Category: Technical Analysis