Financial market feud: Coinbase launches oil & gold futures, CME targets bitcoin spot market

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Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

- A potential West Coast/East Coast feud is brewing in financial markets as two major exchanges creep into each other's carved-out lanes.Last week, Coinbase Derivatives, the leading U.S. cryptocurrency derivatives exchange, announced it would launch retail-sized futures contracts for oil and gold on June 3. - Gold and silver prices are lower in midday U.S. trading Tuesday, following recent solid gains that saw gold hit a record high of $2,454.

- A new paradigm shift in the gold market as long-held correlations break down means investors must follow a new playbook, according to one investment firm.Gold prices rise on tariff threats and improved inflation outlook, silver sees increasing solar demand from India – Heraeus – Gold prices may be benefiting from U.S.-China trade tensions and rising Indian seasonal demand, while the subcontinent’s solar buildout is also expected to boost silver demand, according to precious metals analysts at Heraeus.Crypto ETFs and RWA tokenization serve as a bridge between DeFi and TradFi – Blueberry CEO

With Ether ETFs and RWA tokenization trending in the crypto market, Blueberry Protocol CEO Jonathan Thomas says it's only a matter of time before institutions get involved in DeFi.Ether rallies 23% as SEC reevaluates ETH ETF approval after Trump goes pro-crypto Crypto prices surged over the past 24 hours amid an about-face from the SEC, which is now scrambling to approve Ether ETFs as crypto becomes an election issue. - The gold market is not seeing any significant reaction to recent comments from U.S. central bankers, who appear united in their focus on inflation.Despite its surge to new record highs, Mike McGlone sees gold outperforming other assets – from silver and stocks to oil – in 2024.

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