Gold prices increased on Wednesday, reaching a near four-week high.
This happened after December's private employment report showed weaker-than-expected job growth.
The data suggests the U.S. Federal Reserve might ease interest rates sooner.
Investors see this as positive for gold prices.
BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY Bitcoin price stalled at $100,600 on Wednesday, with a 3% daily gain. Demand for Bitcoin has slowed as traders focus on Trump-related tokens and lending protocols. Bitcoin on-chain transactions dropped by 37% in the last three days. The
GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS Gold remained near a five-week high on Friday. It is on track for its third consecutive weekly gain. U.S. inflation data increased expectations that the Federal Reserve might cut interest rates this year.
Federal Reserve Governor Christopher Waller spoke about potential interest rate cuts in 2025. He said December's inflation data was promising, and if trends continue, a rate cut could happen in the first half of the year. A rate cut in March is possible if inflation keeps dropping. Waller
LITECOIN PRICE PREDICTION: LTC WHALES DEMAND SURGES Litecoin (LTC) price is trading above $102, up 10% from Monday’s low of $92.5. Whale transactions on Litecoin network surged by 42%, reaching 3,870 on Monday. Litecoin may face a consolidation phase due to declining market volumes. On-chain data shows