Ethereum Price Eyes $3,000 as Fed Rate Hike Odds Drop 
Evernorth Set for Nasdaq Debut With 473 Million XRP Treasury 
Ripple and Cardano Expand Blockchain Adoption in Brazil 
Cardano Price Struggles as NIGHT Token Surges 20% 
AI Agents Could Disrupt Financial Services, Bernstein Says 
AAVE, PUMP, WLD and SKY Rally as Crypto Market Slips 
Michael Saylor Sees Strategy, Strive Expanding Bitcoin Credit Market 
Citi Raises Bitcoin Target to $113,000 as Crypto Outlook Improves 
Robinhood Stock Nears $114 as Jobs Data Boosts Risk Appetite 
TRUMP Memecoin Launches New Dinner Contest 
WordPress Malware Uses Ethereum to Evade Removal 
Crypto Rallies as CLARITY Act Failure Opens Door to Faster SEC Rules 
XRP Rises as Evernorth Merger Vote Clears Key Nasdaq Hurdle 
XRP Asia Launches to Accelerate XRPL Adoption Across Asian Banks 
XRP Ledger Hits 10 Million AI Payments as Bitcoin Retreats 
Bitcoin Exchange Reserves Hit Multi-Year Low at 2.68 Million BTC 
Add as a preferred source on Google
Rating agency Standard & Poor has cut its forecast for gold sharply to $1150/ troy ounce for 2015-2017, down $50/ troy ounce from its January forecast.
After posting one of its best performance through financial crisis of 2008/09 and monetary policy easing from FED Gold peaked around $1920/troy ounce in 2011 and lagging since then.
Greatest risks to gold stands,
- Higher interest rates in US treasuries, which is likely to reduce appetite for Gold.
- Gold performs well as a hedge against inflation and with current low inflation, demand for gold has taken a hit.
- In spite of FED, planning to hike rates several central banks are easing policy around the world (ECB, BOJ), is suppressing volatility and reducing demand for gold as risk hedge.
Gold is currently trading at $1129/troy ounce and according S&P, further downside pressure is likely, given the reduced demand from China and Global central banks.
