Arch Lending Opens Crypto-Backed Loans to Gold Token Holders
Arch Lending has added PAX Gold and Tether Gold as loan collateral, offering LTV up to 75% and loans starting at $250,000.
Arch Lending has added PAX Gold and Tether Gold as loan collateral, offering LTV up to 75% and loans starting at $250,000.
Gold lost nearly $100, dropping to $4353 and its lowest level since August 18, as sellers broke through key support.
Gold dropped 5.5% from a three-month high, but Goldman Sachs still forecasts 10% upside to $4,900 by year-end.
Oil prices stayed elevated after US-Iran tensions; Asia-Pacific equities were mixed as manufacturing PMIs highlighted varying trends.
TD Securities warns gold may drop to $4,200 near term but maintains a $5,350 target by 2027, with dollar weakness insufficient to support prices.
Brent crude settled above $90 and the 10-year yield hit 4.768%, pressuring growth stocks and gold while bitcoin held above $78,340.
Bitcoin and gold fell in tandem after Fed Chair Warsh's hawkish Jackson Hole speech raised rate-hike odds, weakening the debasement trade.
Oil holds gains after US-Iran strikes; European yields climb; dollar soft; German state inflation beats expectations.
Gold futures show a mildly bullish intraday recovery after reclaiming VWAP near 4,488, but major resistance at 4,500-4,540 looms.
Gold fell sharply after Fed Chair Warsh's hawkish Jackson Hole speech, erasing most gains from the US Treasury announcement.
Oil prices jumped after US strikes on Iran prompted retaliation, while Asia markets fell on Mideast tensions and rate fears.
Gold extended its decline on Monday, continuing Friday's sharp selloff triggered by Fed Chair Warsh's hawkish Jackson Hole speech, as no fresh catalysts…
Grayscale research links rising U.S. debt to a debasement trade that will benefit bitcoin, citing Treasury buyback moves.
Grayscale research shows Bitcoin's 90-day correlation with gold rose above 50%, as the debasement trade gains traction amid rising US debt.
Markets were quiet as traders awaited Fed Chair Warsh's Jackson Hole speech. European stocks edged higher, while currencies and gold were little changed.