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On December 18th, Saxo Bank analyst Ole Hansen wrote in a report that gold is increasingly becoming a cornerstone asset in a world characterized by fragmentation, fiscal tensions, and geopolitical uncertainty. Golds performance over the past two years reflects more than just a favorable macroeconomic cycle. It signals a deeper transformation in the global financial system, where trust, diversification, and resilience have become as important as yield and growth. Despite the strong momentum, gold is not without risk heading into next year. In the near term, the most tangible risks stem from positioning and capital flows. The strong rally in gold and silver in 2025 means that the upcoming rebalancing of major commodity indices will trigger a significant sell-off in the futures market, a process that could generate significant short-term volatility.On December 18th, Daniela Hathorn, senior market analyst at trading platform Capital.com, said: "With inflation still above target and service sector prices appearing sticky, Bank of England policymakers are unlikely to send a clearly dovish signal. Instead, the Bank of England will likely describe any rate cuts as a gradual shift in risk management rather than a full-blown easing cycle."JPMorgan Chase raised its price target for Micron Technology (MU.O) from $220 to $350.According to the latest analysis from Economies.com analysts on December 18th, spot gold prices have been mainly fluctuating in recent intraday trading. The main bullish trend remains dominant in the short term, and the price is moving along the secondary support trend line, indicating the stability of the bullish trend.December 18th, Futures.com analysts latest view: WTI crude oil futures have fallen in recent intraday trading, mainly due to the stability maintained after touching the current resistance level of $56.40. At the same time, a steep secondary bearish trendline resistance was tested in the short term, which further exacerbated selling pressure and caused a loss of bullish momentum.

Global crypto rules needed to keep markets clean, says UK watchdog

Cory Russell

Jul 15, 2022 14:57

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International crypto companies like Binance must be governed by global laws in order to "keep markets clean," according to a statement made on Thursday by the British Financial Conduct Authority.


The majority of the world's cryptocurrency companies are unregulated, but several nations want proof that they have effective safeguards in place to thwart money laundering.


The biggest cryptocurrency exchange in the world, Binance, was told by the FCA last year that it was "not capable of being adequately monitored" and so could not engage in any regulated activity in Britain.


Regulators in Spain, France, and Italy have this year given Binance permission to operate in those countries' domestic marketplaces.


In answer to a query on whether authorities are being pitted against one another by cryptocurrency startups, FCA Chief Executive Nikhil Rathi said at the Peterson Institute for International Economics in Washington, "I believe some global baseline norms are vital."


The clean markets that we all want depend on having excellent shared regulatory standards and information sharing across borders, according to Rathi. "As we have seen in other domains like anti-money laundering, these are essentially cross-border actions by some very well organized players," he added.


After rejecting applications from a large number of organizations, the regulator has come under fire from the cryptocurrency industry.


We will always be vigilant about consumer protection when it comes to cryptocurrencies, Rathi stated.

Rathi said that, regrettably, the FCA's long-ago warning that holders of crypto currencies may lose all of their money has come true after the recent decline in the price of bitcoin.


A global regulatory agency, the Financial Stability Board, said this week that it planned to provide draft proposals for regulating crypto assets to G20 nations in October.


Earlier this month, a French member of the European Parliament asked the French market regulator to reconsider its decision to register Binance.

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