The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Bitcoin has established a solid base of support at $66,000 in early trading on Thursday as Morgan Stanley reveals $250 million in exposure to BTC ETFs. -The gold market is struggling to attract new bullish momentum even as the U.S. housing market struggles to stabilize and weak construction activity continues to threaten economic growth.
– Sky-high imports, unprecedented ETF demand, and elevated price premiums show that China’s gold market continues to lead the world, but high prices look set to depress jewelry demand and slow central bank purchases, according to Ray Jia, China Research Head at the World Gold Council.S&P Global Rankings sees great promise in real-world asset tokenization, saying it will help improve liquidity and usher in a new era of innovation for asset management.
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