Author name: Siim

Bitcoin slips to $64,000 as oil rally and ETF outflows pressure BTC

Bitcoin slips to $64,000 as oil rally and ETF outflows pressure BTC

Key takeaways Bitcoin trades below $64,000 as stalled US-Iran negotiations weaken demand for risk-sensitive assets. Rising oil prices are increasing inflation concerns and expectations of another Federal Reserve rate hike. US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, ending a five-day inflow streak. Bitcoin (BTC) is struggling below $64,000 at the

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European Stock ETFs Post First Positive Month Since the Iran War Started

European Stock ETFs Post First Positive Month Since the Iran War Started

European stock exchange-traded funds (ETFs) recorded a month of positive net flows in July, their first since the US-Iran conflict began in late February, according to Bloomberg data. The return of capital signals renewed investor appetite for the region. A strong earnings season and easing oil prices have restored Europe’s appeal as a hedge against

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Petrol Prices May Bring Good News in Next Two Days, Petroleum Minister

Petrol Prices May Bring Good News in Next Two Days, Petroleum Minister

Petroleum Minister Ali Pervez Malik has given hope of possible good news on petrol and diesel prices within the next two days. He said this will happen if international oil prices stay stable. Speaking to the media on Sunday, the minister explained that the Oil and Gas Regulatory Authority (OGRA) sets fuel prices in Pakistan.

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‎Gold rises, set for strongest weekly gain since January

‎Gold rises, set for strongest weekly gain since January

Lower oil prices and easing inflation expectations supported bullion. Gold prices rose during Friday’s trading and were on track to post their strongest weekly gains since January, supported by lower oil prices. This came as investors awaited the US nonfarm payrolls report. Hopes for a Middle East peace agreement had eased inflation expectations, allowing gold

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‎Oil rises over 1%, on track for weekly losses

‎Oil rises over 1%, on track for weekly losses

Traders weighed geopolitical risks against expectations of weaker weekly performance for crude. Oil prices advanced during Friday’s trading as uncertainty related to the reopening of the Strait of Hormuz persisted, although both benchmark crude contracts remain on track to post weekly losses of around 8%. The move comes as an Iranian parliamentary committee discusses a

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