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Bitcoin (BTC) holds ground as precious metals slide on ETF outflows and liquidity strains, JPMorgan says

Bitcoin BTC$68,968.87 is proving more resilient than traditional safe-haven assets as gold and silver come under pressure from outflows, positioning unwinds and deteriorating liquidity, according to Wall Street investment bank JPMorgan. “The deterioration in liquidity conditions in gold has seen its market breadthdecline below that of bitcoin currently,” analysts led by Nikolaos Panigirtzoglou, wrote in…

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PM Modi to attend G7 summit in France from June 15-17, focus on global economy and Hormuz security | India News

NEW DELHI: Prime Minister Narendra Modi will attend the upcoming G7 summit in France from June 15 to 17, with his participation confirmed during high-level diplomatic engagements on the sidelines of the G7 Foreign Ministers’ Meeting.External affairs minister S Jaishankar held talks with French minister for Europe and foreign affairs Jean-Noël Barrot at the Abbaye…

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Energy shock from Middle East war may lift US inflation to 4.2% this year; OECD warns of weaker global growth

The escalation of the Middle East conflict could push US inflation to 4.2% this year–the highest among G7 economies– while also slowing global growth, the Organisation for Economic Cooperation and Development (OECD) has said, underlining the widening economic costs of the US-Israel war with Iran, the Financial Times reported.In its interim economic outlook, the Paris-based…

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