What’s gold price outlook as markets shift from inflation to recession fears?

(Kitco News) Gold’s volatility has been relatively low compared to other assets as the precious metal retains its “mild bull market” status and trades comfortably between $1,800-$1,900 an ounce. But don’t expect a gold price rally until some confidence returns to the marketplace, according to MKS PAMP. There is a shift … Read more

The crypto pendulum swings back to ‘real economic value’: can Bitcoin price survive a recession?

(Kitco News) After briefly touching $17,000 over the weekend, Bitcoin is back above $20,000. But can the price outlook recover as recession calls grow and inflation continues to dominate market headlines? Stablecorp CEO Alex McDougall weighs in. When looking at price forecasts for the rest of 2022, investors need to separate … Read more

These are the most oversold stocks in the S&P 500 due for a bounce

Certain stocks have become so oversold during this brutal bear market that they are long overdue to bounce. With stocks on Tuesday snapping back a bit after weeks of big losses, CNBC Pro set to find the stocks most overdue for a rebound. We looked for the shares trading the farthest from their average price … Read more

Celsius asks users for more time to fix issues after withdrawal freeze

Celsius CEO Alex Mashinsky. Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Embatled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations after the market downturn caused the firm to freeze withdrawals for its customers. The cryptocurrency market has seen billions of dollars of … Read more

How ETF investors can pull through a bear market

A week of dramatic market swings has given rise to reactionary mistakes from investors who are trying to find their footing. With predictions of peak inflation disintegrated and a more aggressive approach to interest rates hikes from the Federal Reserve, experts say that ETF investors can make use of the volatility by taking certain actions … Read more

China keeps benchmark lending rate unchanged

The next few months will be difficult from an economic perspective. Felix Brill chief investment officer, VP Bank Hong Kong’s Hang Seng index climbed 0.16% as shares of life insurer gained 1.51%. Netease shares in the city skidded 7.68% after the firm announced a delay to the release of its eagerly anticipated video game Diablo … Read more

Bank of England set for fifth straight rate hike as growth and the pound wobble

BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England is expected to raise interest rates for the fifth monetary policy meeting on Thursday, as it looks to rein in soaring inflation against a backdrop of … Read more

Novogratz says crypto having a ‘Long Term Capital Management moment’

Michael Novogratz Anjali Sundaram | CNBC Crypto investor Michael Novogratz is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s. “We are going through what feels to me a little bit like a Long Term Capital Management moment in crypto,” Novogratz said on … Read more

Astra’s stock drops after rocket failed to deliver NASA mission to orbit

The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Shares of rocket-builder Astra fell sharply in trading on Monday after a weekend launch carrying NASA satellites failed to reach orbit. Astra’s rocket LV0010 took off on Sunday from launch complex 46 at Cape Canaveral in … Read more

5 things to know before the stock market opens Monday, June 13

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures plunge, with S&P 500 poised to fall back into a bear market Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty … Read more