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Pro News Weekly: Bitcoin Plunges as Gold Loses Its Shine
The U.S. dollar is losing momentum as falling oil prices ease inflation concerns and Treasury yields retreat. Markets have scaled back expectations for further Federal Reserve rate hikes this year, while comments from ECB and Bank of Japan officials are helping rival currencies regain ground. Stock indices are pulling back as investors question whether the AI-driven rally can continue. Concerns over Federal Reserve policy and the sustainability of technology earnings have sparked profit-taking, although Wall Street remains optimistic, with J.P. Morgan raising its year-end target for the S&P 500. Gold has fallen ...
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