1. Gold In For Longest Monthly Losing Streak Since 2013
Gold inched lower in early Friday morning, as the dollar stayed firm on expectations of rising interest rates. Meanwhile, lingering China-U.S. tensions gave the dollar an added push and subdued the yellow metal which is now headed for its fifth straight monthly decline – the metal’s longest losing streak since early 2013.The greenback, which also tends to attract safe haven bids in times of market turmoil and political tensions, drew its latest swell of support after President Donald Trump commented that he is prepared to impose tariffs on $200 billion more in Chinese imports. It should be noted that gold prices are down about 2 percent so far this month.*
2. IOTA Adds 7% On Potential Tesla Partnership
Iota (MIOTA) is taking over the mobility industry, one player at a time. Recently, they have signed partnerships with a host of automobile companies including Volkswagen and Audi. Now it seems like Tesla could be next. Yesterday, Biotasphere tweeted that they would be livestreaming the new IOTA proof of concept from a Tesla vehicle. The news pushed IOT/USD 7% higher in early Friday trading with the pair trading at 0.73626 as of 6:30 AM GMT.**
3. EA Plunges 10% On Game Release Delays
Shares of Electronic Arts (EA) closed nearly 10 percent lower on Thursday after the game-maker announced it is delaying the release of “Battlefield V” by a month and adjusted its full-year guidance to reflect the lower sales. The next iteration of EA’s popular “Battlefield” series will now launch on Nov. 20, the company said in a release. The delay lowers the company’s expected net bookings for fiscal year 2019 to $5.2 billion from $5.55 billion.***
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*Source: Investing, Aug 31, 2018 / 4:51 AM ET
**Source: Cryptorecorder, Aug 30, 2018 / 5:35 PM
***Source: CNBC Aug 30, 2018 / 9:15 PM ET
