Batis Exchange
The Canadian dollar weakened on Friday, reaching a nine-day low against the U.S. dollar despite stronger-than-expected economic growth data, as investors questioned whether the GDP figures would alter the Bank of Canada’s near-term interest-rate plans.
Gold prices dropped sharply on Friday, declining nearly 3% as investors increased expectations that the U.S. Federal Reserve could raise interest rates in September.
Bitcoin’s price was down roughly 1% in August through August 5, but the cryptocurrency has avoided a major sell-off following reports that approximately $130 million worth of Bitcoin has been stolen from customers using Coldcard wallets.
Following the announcement, spot gold surged by about US$40 before easing slightly. It was last trading near US$4,073.60 per ounce, up more than 1% on the day.
