News 

Michael Brush: Gold will keep rising — here are 13 ways to profit from the rally

“Gold mining stocks: Gold companies hedged a lot their production to protect against declining gold prices one or two decades ago” writes Michael Brush for marketwatch.com. The shares of gold mining companies are more sensitive to the price of gold.A declining dollar is good for gold because gold trades inversely to the dollar. “Gold trades off the dollar and the dollar trades off real interest rates,” says Holmes.This means owning gold companies now is more of a direct bet on the price of gold, and less a bet on management.A…

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Crypto News 

Stablecoins to Play Key Role in Crypto Adoption, Says New Report

“Stablecoins will play a key role in mainstream adoption of crypto technologies, according to a report published by California-based stablecoin startup Reserve on Wednesday, Feb. 20” writes Ana Berman for cointelegraph.com. The Winklevoss twins, who earlier launched their own dollar-backed stablecoin, the Gemini dollar (GUSD), believe that stablecoins and tokenized securities are the future of crypto innovation.Reality in the Race for Stable, Global, Digital Money” is based on information collected from 40 crypto and stablecoin firms.The study analyzes the key features of stablecoins which, the authors believe, can contribute to…

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Markets News 

Dollar remains a tad softer ahead of European markets open

“The more optimistic sentiment is helping to boost currencies like the aussie and kiwi on the day so far” reports forexlive.com. The greenback is joined at the bottom of the pile by the Japanese yen as both currencies are trading softer as markets remain hopeful of further progress in trade talks between US and China later this week.Nonetheless, the pound remains more perky than it was last week, as cable shifts back above the 100-day moving average and the near-term bias is favouring buyers more currently. Looking ahead, we may…

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News 

Dollar holds strength amid mixed data, set for weekly gain

“In the latest developments, trade talks are set to continue in Washington next week, after a round in Beijing wrapped up Friday with gridlock over key issues remaining” writes Markets Reporter for marketwatch.com. Sluggish economic data in the eurozone and its constituents have been overshadowing hopes for a first ECB interest-rate increase this year.Friday’s data showed a 0.5% contraction in import prices, while the Empire state manufacturing index climbed to 8.8 from 3.9 previously.For the week, the gauge is on track for a 0.5% gain, according to FactSet. Source: marketwatch.com

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Markets News 

Gold ends lower, building on a weekly decline

“Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, +0.04% lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce, trading about 0.4% lower for the week so far.Providing critical information for the U.S. trading day.Gold and the dollar tend to move inversely. “With the gold market down six dollars in the face of another upside breakout in the dollar, it is clear the market is facing…

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Crypto News 

JPMorgan is launching its own cryptocurrency

“JPMorgan Chase imagines cryptocurrency transactions could replace wire transfers that generally take several days to complete” writes Feb Est for theverge.com. The CEO’s harsh views of bitcoin haven’t stopped his company from going ahead and creating a new digital token called the JPM Coin.JPMorgan Chase has thrown its hat into the cryptocurrency ring, proposing to launch its own digital coin, as spotted by CNBC. It’s one of the few banks to consider launching cryptocurrency, and the initiative may be surprising given that CEO Jamie Dimon has said he doesn’t “really…

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Markets News 

Gold falls, building on its weekly decline, as geopolitical tensions ease for now

“Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week” writes Markets Commodities Reporter for marketwatch.com. April gold GCJ9, +0.06% lost $1.20, or less than 0.1%, to settle at $1,313.90 an ounce, trading about 0.4% lower for the week so far.Providing critical information for the U.S. trading day.Gold and the dollar tend to move inversely. “With the gold market down six dollars in the face of another upside breakout in the dollar, it is clear the market is facing…

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