Pre. Settlement | N/A |
Settlement Date | 2023-04-26 |
Open | 1,982.60 |
Bid | 1,974.00 |
Last Price | 1,983.80 |
Day's Range | 1,972.30 - 1,984.00 |
Volume | |
Ask | 1,974.20 |
Gold returned to $2,000 an ounce during Friday’s session but closed off those highs as the Dollar Index, which pits the U.S. currency against six majors rose for the first time in a week.
Coinbase's former CTO, among others, has predicted that bitcoin will reach $1 million as the dollar fades, but these doomsayers are ignoring other historical precedents.
Canada's main stock index recouped its earlier decline to close higher on Friday, helped by gains for industrial and gold mining shares, as hopes rose that the U.S. Federal Reserve's tightening campaign is coming to an end amid turmoil in the banking sector. The Toronto Stock Exchange's S&P/TSX composite index ended up 41.57 points, or 0.2%, at 19,501.49. Wall Street also closed higher as Fed officials calmed investor skittishness over a potential liquidity crisis in the banking sector.