Pro News Weekly: Gold Surges as Bitcoin Breaks Out

Welcome to Pro News Weekly!

💵 The U.S. dollar plunges as Treasury yields fall after the Treasury Department signals increased buying of long-term bonds, raising questions over government intervention in the $31 trillion debt market.

📈 The S&P 500 remains unfazed by falling yields and is within touching distance of record highs, with 56% of asset managers overweight equities and cash holdings dropping to a rock-bottom 3.5%.

🪙 Gold climbs back above $4,500 as lower Treasury yields and a weaker dollar boost demand, while growing government intervention in financial markets strengthens its appeal as an alternative to fiat currencies.

₿ Bitcoin breaks out of its 62,000 – 67,000 consolidation range, supported by $1 billion in ETF inflows and $2.75 billion in purchases from crypto whales over the past 60 days.

📊 Next week, investors will focus on Jackson Hole, Kevin Warsh’s views on markets and the Fed, as well as U.S. PCE inflation, durable goods orders, Australian inflation and Canadian GDP.

🔔 Like, share, and subscribe for more weekly updates from FxPro!

👉 Register at https://bit.ly/44b9vTy and start trading like a pro!

75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. Past performance is not a reliable indicator of future results.

#FxPro #Tradelikeapro #Pronewsweekly #Dollar #Stocks #Gold #Bitcoin