Bitcoin dips below $60k, financial markets hit with broad selloff

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– Gold prices have seen an atypical rally in the face of shrinking rate cut expectations while silver has largely been left behind, according to the latest report from Erik Norland, Executive Director and Chief Economist of CME Group.Wednesday saw weakness across financial markets as geopolitical concerns and the threat of an interest rate hike have investors fleeing to the sidelines.

- Silver prices remain well supported at elevated levels as robust demand continues to outweigh supply, creating a further drawdown in above-ground stocks, according to the latest research from the Silver Insitute.With the halving now just two days away, here is what analysts say to expect following Bitcoin's fourth reduction in new supply emissions.

– Gold’s recent all-time high prices were even more dramatic in China’s local currency, and while this dampened jewelry demand last month, Chinese investors continue to see high prices as a positive, according to the latest report from Ray Jia, Head of Research for China at the World Gold Council . -Gold prices are modestly lower and have traded both sides of unchanged, while silver prices are higher in U.S. trading Wednesday.

 

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