Bitcoin’s Premium to Gold Looks Set to Get Hit by Fed Hikes

Gold Silver Reports (GSR) – Bitcoin’s Premium to Gold Looks Set to Get Hit by Fed Hikes — Bitcoin’s soaring premium to gold is being eroded as the digital currency faces regulatory scrutiny and lower demand. The convergence is likely to accelerate with help from the Federal Reserve, according to Mike McGlone, a strategist at Bloomberg Intelligence, who says rate hikes have marked bitcoin tops and gold bottoms.

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Stocks Moving On Heavy Volumes

Stocks Moving On Heavy Volumes πŸ’šΒ JBF Industries: The Mumbai-based polyester textile maker rose as much as 14.45 percent to Rs 139.80. Trading volume was 35.8 times …

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Indian Equity Benchmarks Fell Dragged by Banks

Gold Silver Reports (GSR) – Indian equity benchmarks fell dragged by banks after the Reserve Bank of India decided to discontinue issuance of letters of undertaking (LoU) and letters of comfort (LoC) for trade credit for imports into India.

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