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Futures
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HOT
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Auto-invest on a regular basis
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Buy low and sell high to take profits from price fluctuations
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Top asset management team helps you profit without hassle
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Pledge one crypto to borrow another
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One-Stop Lending Hub
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New
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ETH Staking
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GUSD Minting
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Use USDT/USDC to mint GUSD for treasury-level yields
Soft Staking
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- 🎯 To further enhance the user experience on Gate Square, we sincerely invite you to take part in our first User Experience Survey 👉 https://www.gate.com/questionnaire/7086
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👉 https://www.gate.com/announcements/articl - 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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Ahead of the release of U.S. retail sales data, WTI prices continued to pump, breaking through $70.50.
Gate News bot message, during Tuesday's Asian trading session, the trading price of the U.S. crude benchmark West Texas Intermediate (WTI) was approximately $70.60. Influenced by ongoing geopolitical risks in the Middle East, WTI prices rose slightly. The American Petroleum Institute (API) will release its weekly crude oil inventory data later on Tuesday.
On Monday, Israel attacked the Iranian national broadcaster, while the head of the UN nuclear watchdog reported that Iran's largest uranium enrichment facility was severely damaged.
A senior commander stated on Saturday that Iran is considering closing the Strait of Hormuz. Goldman Sachs indicated that the Strait of Hormuz is responsible for delivering about one-fifth of the world's oil to global markets. Closing the Strait of Hormuz could drive up oil prices. Concerns about a broader war in the region potentially disrupting crude oil supplies continue to support WTI prices.
Source: FXStreet