Stocks rise, Bitcoin and gold dip as investors eye CPI report and rate cut path

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

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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Bitcoin Recovers After CPI Data, Market Awaits FOMCBitcoin bounced back after slower-than-expected August inflation data. While the US CPI rose 0.2%, meeting analysts' expectations, the core CPI was hotter than forecast at 0.3%. This initially caused Bitcoin's price to dip but it quickly recovered, trading around $58k at press time. Experts predict volatility ahead of next week's FOMC meeting.
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Asian Stocks Fluctuate as Traders Await US CPI: Markets Wrap(Bloomberg) -- Asian stocks fluctuated as traders shrugged off a rebound on Wall Street ahead of key US inflation data due this week.Most Read from...
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Volatility returns as stocks slide, gold hits new ATH, and Bitcoin struggles with $65k resistanceThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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