Last month, a senior regulator warned an audience of industry goers to fall in line with the precedents set in the recent cases it has filed against crypto entities.
Spot gold was up 0.5% at $2,420.00 per ounce, as of 1147 GMT, and has gained more than 4% this month. Bullion, traditionally known for its stability as a favoured hedge against geopolitical and economic risks, thrives in a low-interest rate environment.
The latest price moves in crypto markets in context for July 31, 2024.
(Reuters) -Futures tied to the Nasdaq index rose on Wednesday after a bullish forecast from Advanced Micro Devices drove chip stocks higher even as Microsoft faltered, while investors geared up for the Federal Reserve's rate decision. Nvidia rose 6.5%, Intel 2.3% and Broadcom 6.4%. At 7:15 a.m. ET, Dow e-minis were up 31 points, or 0.08%, S&P 500 e-minis were up 52 points, or 0.95%, and Nasdaq 100 e-minis were up 295.5 points, or 1.56%.
IBM reported solid second-quarter results and boosted its full-year guidance.
Advance Micro Devices shares moved sharply higher in premarket trading Wednesday after the chipmaker posted better-than-expected second quarter revenue and issued an upbeat sales outlook for the second half of the year. Monitor these key chart levels.
These companies are more fairly valued and rely less on AI progression to drive business growth.
