$3.4K ‘Key Psychological Level’ for Gold, Crypto Buoyed by BLSH IPO
Schwab Network · Schwab Network
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Show Notes
Dan Deming covers commodities. He looks at crude, saying that markets expected higher demand than we got, leading to pressure on prices due to oversupply. $3,400 is a “key psychological level” for gold, though not necessarily a technical, Dan thinks. “I don’t see gold giving up too much ground here” with demand remaining strong, he adds. He thinks Bitcoin and Ethereum’s upticks today are driven by the Bullish (BLSH) IPO today.
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