The Russian-Ukrainian war suddenly escalated, and the Israeli air strikes caused massive casualties! Gold surged to $2,378, and Bitcoin met "doves" and held on to $70,000.
Summary: Russian warships sailed to the Caribbean, Putin threatened to retaliate against Biden, and Israel's air strikes on Gaza schools killed 40 people. Safe-haven gold attacked $2,378, and Bitcoin maintained $70,000.
On Friday (June 7), the US dollar index remained weak at 104.10, gold hit $2,378, and Bitcoin maintained $70,000. The European Central Bank cut interest rates and jointly dragged down US interest rates with the Bank of Canada. The Fed's interest rate hike is no longer an option. Russian warships sailed to the Caribbean, Russian President Putin threatened to retaliate against US President Biden for authorizing Ukraine to use US weapons, and Israel's air strikes on Gaza schools killed 40 people.
Russia-Ukraine tensions escalate: Russian warships headed for the Caribbean
ZeroHedge, a well-known financial blog, reported that a senior US official told McClatchy and the Miami Herald that a group of Russian warships were heading to the Caribbean, which may be a show of force triggered by Biden's authorization of Ukraine to use US weapons to attack Russian territory. White House officials informed members of Congress of Russia's move on Wednesday.
