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Musk predicted Tesla will be world’s biggest company
Market capitalization surged by 32 percent to $246.9 billion
Attention focused on key U.S. PCE inflation data later today for clues on interest rates
Earlier in the session, gold prices hit an all-time high of $2,799.71
Fed signaled no rush in lowering borrowing costs until inflation and jobs data made it appropriate to begin another easing cycle
West Texas Intermediate crude futures climbed 0.3 percent to $72.81 a barrel
4.52 percent of all launched tokens in 2024 displayed patterns that may be linked to pump-and-dump schemes
The recovery in global markets failed to assist gold prices in rising over their Tuesday levels
Crude prices saw some losses this week amid concerns over weak Chinese economic data
Nvidia's value erased about $593 billion in stock market value
DeepSeek questions the need for data center investments, suggesting fewer centers may lower energy demand
China's net gold imports through Hong Kong fell 84 percent in December, dropping to their lowest since April 2022
Oil markets faced pressure from weak PMI data from China, indicating ongoing struggles in business activity
The U.S. dollar index gained 0.28 percent to 107.74, making bullion less attractive for other currency holders
The dollar lost over 1 percent this week, recording its worst weekly fall in two months
West Texas Intermediate crude futures dropped 0.6 percent to $74.21 per barrel
West Texas Intermediate crude futures dropped by 0.2 percent, settling at $75.27 per barrel
Investors will look forward to Trump's speech at the World Economic Forum for more concrete announcements on tariffs
Market participants are focusing on upcoming U.S. inventory data for insights into supply dynamics
The Fed will meet next week and is expected to hold its benchmark rate steady at the meeting
The dollar weakened to a nine-day low of 107.95 during the inauguration speech, before recovering above the 108.00 level
West Texas Intermediate crude futures saw a 0.9 percent decline, reaching $76.69 per barrel
In the last year, Bitcoin has surged over 158 percent
West Texas Intermediate crude futures also rose by 0.2 percent to $77.56 per barrel
