June 12, 2023: Gold Rises, Digital Currencies Decline, and Oil Drops

Gold Rises as Dollar Weakens Before US Fed Rate Decision. Gold prices rose on Monday, June 12, as the dollar weakened while investors await US inflation data and the Federal Reserve’s decision on interest rates. Spot gold increased by 0.2% to $1,964.80 per ounce, while US gold futures rose by 0.1% to $1,979.5. The markets

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The Ethereum merge to proof-of-stake is done, starting a new era for the second biggest blockchain.

Ethereum merge is complete After years of development and delay, on September 15th, 2022, Ethereum – the second-largest cryptocurrency after bitcoin (BTC) – successfully “merged” from Proof-of-Work (PoW) to Proof-of-Stake (PoS), finally becoming a system that uses a great deal less energy. Ethereum changed to PoS when the network’s Total Terminal Difficulty threshold – the

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