Gold Aug 22 (GC=F)
- Reuters
GLOBAL MARKETS-Stocks gain sharply for day and week, while copper falls further
Stocks on global markets rallied on Friday and registered strong gains for the week as a recent slide in commodity prices eased worries about inflation and the rate hike outlook. The S&P 500 climbed 3.1% in its biggest daily percentage gain since May 2020, and the MSCI global index rose 4.8% for the week, snapping three straight weeks of declines. "The (stock) market came into this week oversold, so it was time for a bounce," said Quincy Krosby, chief equity strategist at LPL Financial in Charlotte, North Carolina.
- CoinDesk
Market Wrap: From GBTC Discount to Short Bitcoin ETF, Traders See Reasons for Optimism
It's hard to imagine that data showing traders piling into a trade designed to profit from further bitcoin price declines might be bullish, but that's how some analysts are interpreting the signal.
- MarketWatch
Gold prices down a second week as recession fears drive copper to biggest weekly loss in a year
Gold and silver prices edge up for the session Friday, but end lower for a second straight week, as copper posts its biggest weekly loss in a year.
