1. Gold Near 6-Week Lows On Upbeat US Data
Gold prices inched higher on Friday but held near six-week lows hit in the previous session, as the dollar firmed after upbeat U.S. economic data supported the Federal Reserve’s resolve for steady interest rate hikes over the next year. The dollar stood tall against its peers on Friday after data showed U.S. economic growth accelerated in the second quarter at its fastest pace in nearly four years. U.S. gold futures were last seen trading 0.16 percent lower against a stronger dollar at $1,185.40 an ounce as of 6:45 GMT.*
2. NEO Adds 11%+ On Mystery Project
NEO (NEO), the Chinese Ethereum that became the centre of attention during the previous bullish cycle of the cryptocurrency market, has added more than 11% in early Friday trading. The cryptocurrency’s development team is reportedly working in a low key style on a project. While it may be hard to tell what the NEO (NEO) development team is really up to, the sudden spike in price has formed a strong buy trend with technical indicators pointing to a solid uptrend for the day.**
3. 888 Shares Dip 15% As UK Weighs On first half revenue growth
London-listed gaming operator and B2B provider 888 Holdings has reported a 1 per cent increase in revenue to US$273.2m for the first half of 2018, despite increased regulatory scrutiny in the UK negatively impacting results. 888 said that it continued to deliver progress against its strategic objectives during H1, although revenue was down 5 per cent year-on-year on a constant currency basis. The data caused 888 Holdings shares to close 15.4% lower on Thursday at £190.20.***
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*Source: Reuters Sep 28, 2018 12:22AM ET
**Source: Cryptodaily Sept 28, 2018 1:38 p.m. ET
***Source: gamingintelligence Sept 27, 2018 / 23:51 ET
