Rajiv Sawhney
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Precious metals were among the assets firmly in negative territory on Wednesday, as fears about inflation and the Federal Reserve's interest rate path weighed on investor sentiment. ET, spot gold was down 2.4% to trade at around $ 4,161.63 an ounce. U.S. gold futures also fell 2.2% to settle at $ 4,194.90/oz.
Bitcoin caps a dismal week as price wallows 50% below its all-time high
Bitcoin's dire start to June worsened early on Friday, with the cryptocurrency on course to trade more than 15% lower for the week. Prices had fallen to their lowest levels since early April on Tuesday after crypto treasury company Strategy sold a small amount of its bitcoin holding, weighing on sentiment. Meanwhile, tech stocks have been under pressure, bringing an end to an extended rally, after Broadcom's revenue miss on Wednesday sent semiconductor stocks lower.