Gold, Bitcoin Sink: September Rate Hike Odds Jump to 60% After Warsh's Hawkish Speech
Gold and Bitcoin fell after Fed Chair Kevin Warsh's Jackson Hole speech pushed September hike odds near 60%.
A big Fed official said interest rates might go up soon, which made gold and Bitcoin prices drop because people expect less money to be borrowed. When you see interest-rate talk, watch if people move money from risky things like crypto into safer places instead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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