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Gold prices rise as U.S. debt worries hit markets

Gold prices climbed Friday, putting bullion on course for a gain of nearly 5% this week, as bond market jitters, a softer dollar and renewed concerns over U.S. debt helped revive demand for the precious metal. Gold futures rose 1.67% to $4,647.70 in early trading Friday, while spot bullion prices notched a 1.55% gain, trading…

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Wall Street’s existential crisis over perpetual futures — the 24/7 security on steroids — just got urgent

There’s an old trader saying: “Don’t put on a position that won’t let you sleep at night.” Perpetual futures, known as “perps” in short, are literally designed to do the opposite. Blockchain-enabled, 24/7-traded, never-expiring ‘futures’ – a label now legally contested by the Chicago Mercantile Exchange – are growing so fast overseas that they almost…

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