Gold advanced back above $4,900 an ounce as dip-buyers snapped up the metal after a two-day drop. Bullion rose as much as 2.7% in thin trading on Wednesday, with much of Asia offline due to the Lunar New Year holiday. The metal had lost more than 3% over the previous two sessions. Throughout the holiday period investors “can reasonably expect a soft patch” for precious metals, analysts at BMO Capital Markets wrote in a note, opening a window for bargain-buying. Gold had an extraordinary month in Januar ...

Gold was little changed after a two-day decline, with many Asian markets offline for the Lunar New Year holiday.Bullion was near $4,880 an ounce in early trading, having lost more than 3 per cent over the previous two sessions, when the US dollar strengthened. Trading has been unusually choppy since a historic rout at the turn of the month. A key gauge of the US currency rose as much as 0.4 per cent on Tuesday before paring gains.A powerful rally carried gold to an all-time high above $5,595 an ounce in lat ...

Bitcoin’s future supply could tighten significantly, with asset manager Fidelity forecasting that over 8.3 million BTC , roughly 42% of the circulating supply, may become “illiquid” by 2032 if current accumulation trends hold. Fidelity’s illiquidity projection In a report released on Sept. 15, Fidelity identified two cohorts consistently locking up Bitcoin, i.e., long-term holders who haven’t moved coins in at least seven years, and publicly traded companies holding over 1,000 BTC each. Together, these ...