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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (166678)	1/3/2021 9:49:07 PM
From: TobagoJack	Respond to of 217847

Re ETHE/BTC/Gold bloomberg.com Ether Follows Bitcoin to Record High Amid Dizzying Crypto Rally Joanna Ossinger 4 January 2021, 09:44 GMT+8 The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues. Ether touched a high of about $1,010, its first foray past $1,000, following a 30% surge on Sunday. Bitcoin held onto most of its weekend gains, dipping about 1.5% as of 10:40 a.m. on Monday in Tokyo to $33,069. The largest cryptocurrency eclipsed its 2017 record late last year and only hit $20,000 for the first time in the middle of December. Proponents of Bitcoin argue that it’s muscling in on gold as a hedge against U.S. dollar weakness and inflation risk, citing evidence of growing interest among institutional investors. Skeptics view the digital asset’s more than 300% surge over the past year as a risky bubble fueled by investors chasing the momentum in cryptocurrency prices. “The drivers of the crypto rally, if anything, are strengthening amid still low interest rates, political uncertainty” and the prospect of more government stimulus, Julian Emanuel, chief equity and derivatives strategist at BTIG LLC, said in an email. But he added that volatility can work both to the upside “as well as to the downside.” Before it's here, it's on the Bloomberg Terminal. LEARN MORE bloomberg.com Gold Hits Two-Month High as Dollar, Real Yields Face Pressure Ranjeetha Pakiam 4 January 2021, 09:13 GMT+8 Gold pushed above $1,900 an ounce to hit the highest level in almost two months, aided by a weaker dollar, after posting the biggest annual advance in a decade. Silver also surged on the first full trading day of the new year, while platinum jumped to its priciest since 2016. Bullion is rallying as a gauge of the U.S. currency languishes near the lowest level since 2018. The gains in the traditional haven come even as U.S. and global stocks are at all-time highs amid expectations that widespread vaccine distribution in 2021, further central bank support, and government aid will reignite economic growth and underpin corporate profits. Spot gold climbed as much as 1% to $1,917.05 an ounce, the highest since Nov. 9, and traded at $1,916.53 at 9:10 a.m. in Singapore as the Bloomberg Dollar Spot Index fell 0.1%. In 2020, the precious metal rose 25%. Silver advanced as much as 2.8%, and platinum hit $1,085.31 an ounce, the highest since September 2016. Gold’s recent gains have also been aided by renewed declines in U.S. real yields, which boost the precious metal’s allure. Real yields -- the difference between nominal benchmark bond yields and the rate of inflation -- were at -1.092% on Friday. That’s near last year’s nadir. On the coronavirus front, U.S. daily cases soared to a record of nearly 300,000 after the holidays, while global cases hit 85 million. The U.S. vaccine rollout is picking up speed and could be fully on track within a week or so, said Anthony Fauci, the nation’s top infectious disease expert. U.K. Prime Minister Boris Johnson said tougher lockdown measures in England, including school closures, will probably be needed as cases of a new virus variant surge. Before it's here, it's on the Bloomberg Terminal. LEARN MORE