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Global Markets Daily

by biasharadigest

The price of gold on Tuesday rose to the highest level since October 2012 mainly driven by the weakening US Dollar as well as concerns over the second wave of coronavirus pandemic. At 1459 GMT, spot gold rose by 0.6% to $1,766 per ounce. US gold futures, on the other hand, rose 0.9% cent to $1,783 per ounce.

Mastercard on Tuesday said it has signed an agreement to acquire Finicity, a leading provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million if performance targets are met.

Meanwhile, PayPal is reportedly planning to start direct sales of cryptocurrency to its 325 million users, according to several media reports. Paypal will allow its users to buy and sell cryptocurrencies directly through its channel in the next three months.

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