Part 8/11:
Gold continued its upward trend, rising $30 to $3,637, while Bitcoin rallied nearly 9%, surpassing $110,000, hinting at a risk-on environment with investors seeking alternative assets.
The Broader Economic Context: A Mixed Picture of Growth and Challenges
Despite strong stock market performances and indicators like GDP projections holding steady around 3%, concerns persist about the long-term resilience of the economy. Market participants are bracing for potential interest rate adjustments, with the Federal Reserve poised to consider a rate cut later this month, likely by 25 basis points, possibly even more.