Bitcoin and Ethereum Rise as Inflation Cools in September
Bitcoin and Ethereum rose after softer U.S. inflation data revived hopes for Fed rate cuts and renewed confidence in crypto markets.
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Bitcoin and Ethereum rose after softer U.S. inflation data revived hopes for Fed rate cuts and renewed confidence in crypto markets.
U.S. inflation cooled to 3% in September, below forecasts, reinforcing expectations for a Federal Reserve rate cut next week.
HSBC has joined a growing number of major banks forecasting gold at $5,000 per ounce by 2026, as geopolitical tensions, central bank demand, and policy uncertainty fuel one of the strongest bull markets in decades.
Gold prices hit a new all-time high above $4,200 per ounce as investors reacted to deepening U.S.-China trade tensions and rising bets on further Federal Reserve rate cuts.
Gold hit a record $4,179 per ounce on Tuesday as investors piled into safe-haven assets amid escalating US-China trade tensions and expectations for deeper Federal Reserve rate cuts.
Gold prices surged to a record $4,000 per ounce, driven by renewed demand for safe-haven assets amid global market volatility and interest rate uncertainty.
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.