Tag
U.S. DOLLAR
Market breadth closed negative as CAP led 10 Gainers as against 19 Losers topped by ARBICO.
Bitcoin fell as low $10,025 by Friday and has just bounced back, trading around the $10,400 price level.
The yellow metal tends to usually rise in value on expectations of lower U.S interest rates.
Brent crude prices in the last few weeks, keep ranging between the $44-$46 ranges.
Just recently the brewery giant reported an annual pretax loss of 17.07 billion naira
The U.S. Dollar Index tracks the American dollar against other major currencies.
Gold bulls reversed the downward trend as the greenback value lost some ground recently.
Tether accounts for 93% of stablecoin use in the region.
Gold traders may prefer to let this week's dust settle and see where real yields pivot next week.
BTC holds a maximum supply of about 21 million digital coins.
The plunge came as appetite for risk assets recovered thanks to a stronger greenback and real rates.