Gold inched down to a one week low as investors hope a Greek debt deal is on the horizon. The yellow metal is seeing speculative liquidations as stock markets surge again and on renewed speculation that Fed interest rate rise could come this year.
Barclays is interested in the Bitcoin technology and has partnered with a Bitcoin exchange to explore blockchain technologies, we read on CoinDesk: Barclays has signed off on a proof-of-concept to trial bitcoin technology.
Yesterday, we wrote about how the recent hype about bitcoin rallying “because” of Greece might be overstated and that finding a real “reason” behind a given move is extremely hard if not impossible. As Greece stumbles toward capital controls, bitcoin is once again proving its disruptive power within the global financial system.
U.S. industrial production unexpectedly fell in May as manufacturing and mining activity remained weak, a sign that a strong dollar and spending cuts in the energy sector continued to constrain economic growth.