News Snapshot:
Oil prices hit a new set of seven-year highs last week, adding to the inflationary outlook in major economies like Australia, the US, China and much of Europe. At the same time gold and silver did well, hitting two-month highs last week, and iron ore also reached levels not seen since last October at well over $US 130 a tonne. But the crypto market suffered major losses, with bitcoin plunging below $US35,000 on the weekend, down 50% from its most recent highs two months ago ( see separate story ). Gold prices rallied $US20 on the week and silver prices...
