Inflation threat drives down stocks and cryptocurrencies
As the dollar languished a near-three month low against its rivals, prices of gold held near a four-month peak
19 May 2021 - 11:50
London/Tokyo — Global stocks slipped and cryptocurrencies sank on Wednesday as a threat of unwanted inflation had investors shy away from assets seen as vulnerable to any removal of monetary stimulus.
Digital coins were also under pressure from new Chinese restrictions on financial institutions providing services related to cryptocurrency transactions...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.