The twin rallies of Gold and Bitcoin
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Bitcoin soared past $42,000, hitting a yearly peak despite recent controversies. Growing optimism among investors, fueled by prospects of a crypto ETF approval by the SEC, has boosted digital assets, with Bitcoin up over 150% this year. Meanwhile, Gold
hits record highs as bond yields drop as many analysts believe the rallies have further to run.
BofA Securities forecasts a tougher climb for the market in 2024 but expects the S&P 500 to reach 5,000, a 9% increase. BofA suggests diverse bond portfolios, hedging for potential scenarios, and recommends specific equity investments across various sectors and regions.
Qatar shifting Barlcays in bulk
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Qatar's wealth fund plans to sell nearly half its Barclays shares before the bank's upcoming strategic revamp. The shares, valued at about £510 million ($644 million), mark a shift from its significant 2008 crisis-era investment of about £4 billion in Barclays.
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