Gold hits record high and bitcoin breaks $40,000 – business live - short news
Rolling coverage of the latest economic and financial news, as gold and bitcoin both jump as traders bet on US interest rate cuts early next year
Investors don’t appear to be listening to the warnings coming from central bankers that it’s too early to cut interest rates. Or they don’t believe them.
As well as the weakening US dollar, we’ve seen bond prices rally over the six weeks or so, pushing down bond yields.
“The anticipated retreat in both the USD and..
source: The Guardian - 04.12.2023