HomeMarketsFuturesDollar Slides, Gold Rises, BTC Poised for Breakthrough, Oil Bearish

Dollar Slides, Gold Rises, BTC Poised for Breakthrough, Oil Bearish

Scott Bauer breaks down the markets beyond stocks. He weighs in on the dollar's (/DX) recent weakness in the wake of the Moody's downgrade, but notes the relatively muted response across other asset classes. Meanwhile, gold (/GC) is higher due in part to its oversold condition and the ongoing safe-haven bid. Turning to Bitcoin (/BTC), he believes the cryptocurrency is set to break all-time highs, driven by growing risk appetite and acceptance. In commodities, Scott is bearish on crude oil (/CL), citing a lack of demand and potentially higher OPEC production.

Market On Close

19 May 2025

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