ADVFN US – Market Content Editor

Bitcoin (COIN:BTCUSD) hovered near its weakest levels since April on Monday, after a steep weekend sell-off dragged prices toward the $75,000 area. Heavy unwinding of leveraged trades and rising macro uncertainty continued to weigh on market sentiment. The largest cryptocurrency was last down 2.2% at $76,825.4 by 03:06 ET (08:06 GMT), after touching an intraday…

The slide in precious metals showed little sign of easing, with gold prices continuing to fall sharply after last week’s shock driven by shifting expectations around future U.S. monetary policy. Spot gold dropped a further 4% in early trading to around $4,600 an ounce, following Friday’s 9% plunge. In just a handful of sessions, prices…

Oil prices came under heavy pressure in Asian trading on Monday, sliding more than 3% as reports of renewed contacts between the United States and Iran prompted traders to unwind part of the geopolitical risk premium embedded in crude. The move was compounded by profit-taking after last week’s rally. The decline followed a weekend meeting…

Gold’s powerful rally is being underpinned by what Yardeni Research describes as a broad-based “geopolitical risk-on trade,” with escalating global tensions pushing prices higher not just for gold, but across precious metals, base metals and rare earth elements. The research firm said it has been forecasting a sharp upside move in gold since early last…

The engines powering U.S. economic growth have become increasingly “narrow,” with significant portions of national output now described as “weak or contracting,” according to analysts at UBS. In a research note, UBS analysts including Jonathan Pingle and Alan Detmeister said the outlook for the U.S. economy through 2028 is heavily dependent on continued investment in…