Gold Price Target Soars to $4,500 Amid Interest Rate Shift

Citigroup has set a short-term gold price target of $4,500. This comes as Japanese Finance Minister comments on monetary policy entering a new phase dominated by interest rates.

Meanwhile, BlackRock has openly supported the CLARITY Act, but the Senate's legislative window is narrowing. The bill's consideration has been temporarily postponed to focus on other matters.

In cryptocurrency news, Bitwise sold 117,900 HYPE tokens worth around $7.05 million. BlackRock also made a significant deposit of 3,310 BTC and 28,370 ETH into an exchange.