Citi joins elite clearing banks controlling London’s gold market, with ripple effects for tokenized gold

Hong Kong's new gold clearing system could shift global gold market dynamics, reducing reliance on London and integrating digital assets. The post Hong Kong launches trial of new gold clearing system backed by 11 major banks appeared first on Crypto Briefing.

Market uncertainty due to Fed's unclear guidance may drive investors towards safe-haven assets, impacting gold and crypto volatility. The post Gold little changed as traders await Federal Reserve meeting minutes appeared first on Crypto Briefing.

Citi has slashed its 12-month price targets for the top two crypto assets, Bitcoin and Ethereum. The cuts reflect negative ETF flows and stalled U.S. crypto legislation, reports Reuters. Bitcoin’s target dropped to $82,000 from $112,000. Ether’s forecast was trimmed to $2,240 from $3,175. Bitcoin ETF flows are down about $3.3 billion so far this […] The post Citi Lowers Bitcoin and Ethereum Price Targets Amid Negative ETF Flows appeared first on The Daily Hodl.

Residents in one part of Washington state have lost more than $673,000 to scams in just three days. The Clallam County Sheriff’s Office says an 84-year-old victim lost $420,000 after scammers impersonating Microsoft and the FTC convinced the person to buy gold and hand it over. Another person lost $50,000 via a phishing email that […] The post Washington State Residents Lose $673,500 to Sophisticated Bank Scams in Three Days appeared first on The Daily Hodl.

Citi's entry into London's OTC gold market enhances competition, reduces concentration risk, and aligns with global gold infrastructure expansion. The post Citi becomes fifth bank to clear transactions in London’s OTC gold market appeared first on Crypto Briefing.

The tech sector is buzzing in Britain. But can it ever be more than a US outpost?

Market optimism grows as delayed rate hikes suggest potential for sustained asset growth, but underlying risks and uncertainties remain. The post Bitcoin, gold, and silver rise as markets bet on delayed Fed rate hikes appeared first on Crypto Briefing.

Citi has lowered its 12-month Bitcoin and Ether forecasts after resetting its ETF inflow assumptions.