Precious Metals and Digital Assets Surge as Oil Declines

Stock News00:21

On Friday, U.S. crude oil prices fell below $87 per barrel. Meanwhile, spot gold saw a significant increase, with gains expanding to 2% at one point, breaking through $4,590 per ounce. Shares of Royal Gold (RGLD.US) rose over 1%, and Barrick Gold (GOLD.US) climbed more than 2%.

In the cryptocurrency market, Bitcoin experienced a sharp rally, briefly surpassing $74,000. This movement led to broad gains among U.S.-listed crypto-related stocks. Robinhood Markets (HOOD.US) surged over 8.9%, MicroStrategy (MSTR.US) advanced more than 6%, Circle Internet Financial (CRCL.US) gained over 4.7%, and Coinbase Global (COIN.US) increased by more than 4.6%.

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