The post Gold Price Forecast: Stable at $4,700 as markets await news from Trump-Xi meeting appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) is trading flat on a particularly calm market session on Thursday, with investors awaiting developments from a two-day summit between US President Donald Trump and his Chinese counterpart, Xi Jinping, in Beijing. Safe-haven flows triggered by the uncertainty about the ceasefire in Iran and higher US Treasury yields, following hot US inflation figures earlier in the week, are providing support to the Greenback. Still, traders are reluctant to take decisive positions ahead of the outcome of the high-stakes summit in China. Trump affirmed that the first meeting with Xi was “great” after two hours of talks held earlier on Thursday. Reports by Reuters, citing White House sources, say that both leaders agreed on the need to reopen the Strait of Hormuz, whose closure has boosted Oil prices by more than 40%. The same source also affirmed that the status
The post Trump Approval Rating Drops Below 36%—A New Low appeared on BitcoinEthereumNews.com.
May 13Trump’s net approval rating dipped to -18.9, a record low for his second term, in Nate Silver’s Silver Bulletin polling average, following a string of surveys that show Americans have never been more negative about Trump’s job performance. Trump has a 58.1% disapproval rating and 38.5% approval rating. May 11Trump’s approval rating improved two points, to 36%, from the 34% record low it reached at the end of April in Reuters/Ipsos polling, while 63% said they disapprove of Trump’s job performance (the poll of 1,254 U.S. adults was conducted May 8-11 and has a margin of error of 3). Trump’s weekly approval rating hasn’t risen above 36% since the U.S. and Israel attacked Iran on Feb. 28, after previously hovering at around 40% since last summer. The war with Iran negatively impacts views of both Trump and Republicans: 66% of respondents, including 30% of Republicans and 73% of independents
The post Nvidia rally continues on Thursday as Trump approves H200 buyers in China appeared on BitcoinEthereumNews.com.
Nvidia (NVDA) stock is the early winner of the United States (US) President Donald Trump’s summit with China on Thursday. Shares of the AI chipmaker rose more than 2% in Thursday’s premarket. If the gains remain through the close, this will become NVDA’s seventh consecutive day of gains. President Trump’s Commerce Department approved ten Chinese firms to import Nvidia’s H200 AI chip, as well as a few other distributors in the Asian region. US Retail Sales for April fell from 1.6% MoM in March to 0.5% MoM, but that was in line with the consensus. The Dow Jones Industrial Average (DJIA) futures rose 0.9% in the premarket on Thursday, while the NASDAQ Composite futures declined 0.2%, and S&P 500 futures gained 0.3% on the news. Nvidia could boost China sales on Commerce Department clearance Nvidia has been looking to regain market share in China after several rounds of t
Ethereum’s price action has been closely tied to macro liquidity conditions and institutional risk appetite. Ethereum (ETH) is currently positioned at a critical juncture as broader crypto markets attempt to sustain bullish momentum alongside improving equity market sentiment. After Bitcoin…
The post BTC USD Price Falls Below $80K as Taiwan Tensions Weigh appeared on BitcoinEthereumNews.com.
The BTC USD price fell to $79,200, down 2.3% over 24 hours, after Chinese President Xi Jinping warned Donald Trump of potential “collision or even clashes” over Taiwan during their summit in Beijing, the first visit to China by a sitting U.S. president in nearly a decade. The move broke the $80,000 Bitcoin floor that had held for most of the past week and arrived on top of two consecutive upside inflation prints that have materially complicated the Federal Reserve’s path to rate cuts. The analytical question is no longer whether Bitcoin can reclaim $82,000; it is whether $78,000 holds if the summit’s second day delivers another geopolitical jolt. Spot Bitcoin ETFs saw $630M in net outflows on Wednesday alone, the largest single-day withdrawal since late January, bringing the five-session total to approximately $1.26Bn. That scale of institutional redemption, running concurrently with a
The post Morning Minute: What’s At Stake with Trump in Beijing appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors are red after hot CPI; BTC -1.5% at $79.3k BTC ETFs see $630M in net outflows, most since January Schwab officially began rollout of spot crypto trading Claude helps user find $400k in BTC lost for 11 years Myriad adopts Chainlink as it moves deeper into real-time markets 🇨🇳 What’s At Stake with Trump in Beijing Trump landed in Beijing on Wednesday for his first visit to China since 2017, a two-day summit with Xi Jinping that carries more weight than any U.S.-China meeting in nearly a decade. The agenda covers five interconnected crises simultaneously: the Iran war and Hormu
The post Australian Dollar underperforms despite positive outcomes of Trump-Xi meet appeared on BitcoinEthereumNews.com.
The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.25% to near 0.7240 against the US Dollar (USD) during the European trading session on Thursday. The antipodean faces selling pressure even as comments from both United States (US) President Donald Trump and Chinese leader Xi Jinping indicate that trade relations between both economies will improve from hereon. Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.05% 0.08% 0.03% 0.10% 0.24% 0.07% -0.05% EUR -0.05% 0.02% -0.04% 0.04% 0.14% -0.01% -0.10% GBP -0.08% -0.02% -0.06% 0.02% 0.14% -0.03% -0.09% JPY -0.03% 0.04% 0.06% 0.05% 0.19% 0.01% -0.10% CAD -0.10% -0.04% -0.02% -0.05% 0.15% -0.05% -0.10% AUD -
The post WTI Oil uncertain after Trump-Xi talks as IEA flags supply deficit appeared on BitcoinEthereumNews.com.
West Texas Intermediate (WTI) trades around $97.30 at the time of writing on Thursday, up 0.34%, in a trading day marked by elevated volatility. The US Crude Oil benchmark initially fell to as low as $95.50 following the market’s first reaction to discussions between US President Donald Trump and Chinese President Xi Jinping, before erasing losses and returning to positive territory. The price reversal comes after White House officials described the meeting between the US and Chinese presidents as “good”, highlighting discussions aimed at strengthening economic cooperation. Both leaders also agreed that the Strait of Hormuz should remain open, a particularly sensitive issue for Oil markets given the strategic importance of the passage for global Oil trade. The comments reduced part of the geopolitical risk premium that had been built into energy prices in recent weeks. Marke
