Gold and Crypto Fall as Hot US Inflation Rattles Markets
Another hot US inflation report arrived on Thursday, September 10, and all financial markets took a hit, including Gold, Bitcoin, and the S&P 500. It seems like even traditional safe-haven assets like gold are not acting as an inflation hedge. The bond market recently delivered a reminder that inflation hedges can struggle when rising prices The post Gold and Crypto Fall as Hot US Inflation Rattles Markets appeared first on BeInCrypto.
Key Takeaways
- Another hot US inflation report arrived on Thursday, September 10, and all financial markets took a hit, including Gold, Bitcoin, and the S&P 500.
- It seems like even traditional safe-haven assets like gold are not acting as an inflation hedge.
- The bond market recently delivered a reminder that inflation hedges can struggle when rising prices The post Gold and Crypto Fall as Hot US Inflation Rattles Markets appeared first on BeInCrypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
XRP Ledger crossed 5 billion transactions, but 92% of August activity came from just 767 bots
Bitquery’s audit says a 767-account machine subset generated 92%, separating ledger throughput from durable XRP demand. The post XRP Ledger crossed 5 billion transactions, but 92% of August activity came from just 767 bots appeared first on CryptoSlate.
Crypto for Advisors: Hyperliquid and the future of finance
Crypto for Advisors: Hyperliquid and the future of finance
MoneyGram unveils stablecoin-backed card as digital dollars move into everyday spending
The remittance giant is rolling out a Visa card that lets customers hold dollars and spend from a stablecoin-backed balance.