BTC's path to $100,000 is not far away. Meanwhile, the USD continues to soar.
Economic and financial news on the US stock market situation on November 21: The Dow Jones Industrial Average rose 1.06% to 43,870.35 points. The S&P 500 gained 0.53% to 5,948.71 points. The Nasdaq Composite edged up 0.03% to 18,972.42 points.
Bitcoin shocked investors with its strong rally yesterday, at one point surpassing $99,000. Investors expect the industry to be supported during President Trump's term.
The USD continued to surge, pushing the DXY index above 107. The yield on 10-year US Treasury bonds fluctuated around 4.417%.
Closing trading session on November 21, gold contract Spot gold rose 0.8% to $2,670.49 an ounce. Gold futures rose 0.9% to $2,674.90 an ounce.
Silver contract price continued to fall 0.2% to 30.943 USD/troy ounce. Platinum price increased 0.5% to 970.5 USD/troy ounce. Copper price decreased 0.7% to 4.125 USD/pound.
About oil prices, Brent crude futures rose nearly 2% to $74.25 a barrel. WTI crude futures rose 1.96% to $70.10 a barrel. The fundamentals are moving in opposite directions in the short term, with the market expecting OPEC+ to back off on output increases again when the group meets on December 1 due to weak demand; and the IEA predicting that even if OPEC+ continues to cut, supply will still exceed demand by 2025.
Economic and financial news At the end of the week of November 15, US crude oil inventories increased by 545,000 barrels to 430.3 million barrels.
