Gold, Bitcoin, and US Stocks Near Record Highs

Tina Collins

Nov 1, 2024

Gold reaches new record prices, advancing strongly in the market.

Bitcoin and major US stock indices (NASDAQ 100 and S&P 500) are trading close to all-time highs.

The upcoming US election is influencing market sentiment, with the “Trump Trade” gaining traction as polls suggest a narrow Trump victory.

Market Dynamics:

While Bitcoin made significant gains earlier in the week, it's experiencing a slight bearish retracement after nearing its record high from March.

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NEW US BILL PROPOSES SELLING GOLD TO BUY BITCOIN

MICROSTRATEGY BUYS $4.6 BILLION WORTH OF BITCOIN IN HISTORIC DEAL

US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS

GOLDMAN SACHS EXPECTS RBA AND NZRB TO CUT INTEREST RATES