STARTRADER Monday's Market Update 26-06-2023
The Bitcoin cryptocurrency recorded significant gains last week, rising by approximately 17% in its best weekly performance since March 17th. Meanwhile, gold prices experienced their largest weekly decline in over four months.
Market participants are eagerly awaiting the upcoming remarks by Jerome Powell, the Chairman of the Federal Reserve, next Wednesday, to understand whether his hints still lean towards the possibility of another interest rate hike.
During their meeting on Friday, Amazon CEO Andy Jassy informed Indian Prime Minister Narendra Modi that the company plans to invest an additional $15 billion in India.
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