According to Brooks, the primary narrative is not today’s anticipated rate hike, but rather the additional policy tightening expected later this year. Warsh may therefore struggle to deliver a message that aligns with the aggressive pricing currently seen in the markets. “Tomorrow’s Fed meeting is a nightmare for Warsh. There’s no way he can live […]
Gold surged to record, bringing cheer to digital tokens backed by the metal traditionally seen as a haven investment. XAUT$4,417.98, the largest gold-backed token by market value, rose to an all-time high of $4,425 while PAXG (PAXG) and kineses gold (KAU) also rose, lifting the total market value of gold-backed tokens to $4.38 billion. “The […]