Gold prices have risen above $4,100 an ounce despite inflation fears driving hawkish monetary policies. Bitcoin is showing a growing correlation with gold, reaching its highest level since 2020, suggesting investors may be viewing it as a supplementary safe-haven asset. This shift is driven by concerns over government debt, inflation, and high equity valuations, prompting investors to seek wealth preservation through alternative assets. Bitcoin's correlation with major stock indexes has weakened, while its link with gold has strengthened, indicating a potential change in how the digital currency is perceived in the current macroeconomic environment.
Bitcoin's evolving role as a gold-like hedge is notable alongside current market data. For readers following US stocks on Pluang, as of Oct 16, 2026 00:11 WIB, 108 of 150 stocks rose and 42 fell. Kinross Gold Corporation (KGC) shares increased by 4.68% to USD 23.28, while Accenture plc (ACN) gained 4.75% at USD 225.17 and Lucid Group Inc (LCID) rose 4.71% to USD 3.44.
Scotiabank increased its price target for Targa Resources to $319 from $314, indicating a potential 12.7% upside from the current share price of around $283. Targa Resources, a key player in the midstream energy sector, is recognized as a top momentu...
Ericsson reported better-than-expected Q3 earnings with EPS of $0.18 and revenue of $5.91 billion, driven by strong demand in its mobile network segment. The Networks division showed 9% organic growth and a gross margin above guidance, but overall op...
The obesity treatment landscape is rapidly evolving with over 200 companies developing more than 200 pipeline drugs, including late-stage and early-stage clinical trials. Major pharmaceutical firms like Novo Nordisk and Eli Lilly are leading with inn...
Alice collaborated with Inflection AI and AI21 to demonstrate that NVIDIA Nemotron open models can be post-trained using real-world adversarial data to enhance AI safety and security without losing capability. Inflection AI improved conversational AI...
Stifel Nicolaus has reiterated a Buy rating for Accenture with a price target of $242, reflecting confidence in the company's strong recent stock performance and growth prospects. Accenture's shares rose 13.4% in the month leading up to October 15, 2...
