Stocks and precious metals soar, cryptos fall as Powell hints at September rate cut

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market. Since that time, Jordan has worked as a content creator for multiple projects and as a crypto news journalist reporting on the latest developments within the cryptocurrency market.

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Markets today: U.S. stocks rise as Powell's remarks drive yields downStocks joined bonds higher, with traders looking at prospects for Federal Reserve rate cuts after Jerome Powell cited signals the U.S. is back on a disinflationary path.
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