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Gold price extends fresh record run toward $3,500
Gold price continues to build on its record rally, closing in on the $3,500 mark in Asian trading on Tuesday. Investors continue to flock to safety in the traditional store of value, the Gold price, amid no confidence in the US Dollar and Trump’s attacks on Fed Chairman Powell.
AUD/USD bounces back toward 0.6450 as US Dollar resumes downside
AUD/USD picks up fresh bids toward 0.6450 in the Asian session on Tuesday. The US Dollar fizzles its bounce and resumes downside amid uncertainty over Trump's trade policies and the weakening confidence in the US economy. Concerns about the rapidly escalating US-China trade war could act as a headwind for the Aussie.
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Editors’ Picks
USD/JPY mires in multi-month low near 140.00
USD/JPY languishes in seven-month lows near 140.00 in the Asian session on Tuesday. Trade war concerns, global recession fears, hopes for a US-Japan trade deal, and the divergent BoJ-Fed bets could continue to underpin the Japanese Yen while the US Dollar selling resumes.
ARK Invest integrates Canada's 3iQ Solana Staking ETF into its crypto funds
Asset manager ARK Invest announced on Monday that it added exposure for Solana staking to its ARK Next Generation Internet exchange-traded fund and ARK Fintech Innovation ETF through an investment in Canada's 3iQ Solana Staking ETF.
Solana, Consensys and Uniswap donated to Trump's $239 million inauguration fund
ARK funds ARKW and ARKF have added Solana exposure through 3iQ's Solana Staking ETF. The funds are the first US-listed ETFs to offer Solana staking exposure. SOL is down 0.4% on Monday following the announcement.