Citigroup

Gold

2026-09-01 13:12:46

Polymarket Odds for Gold at $5,000 by Year-End Slip to Just Above 50%

Spot gold has pulled back sharply after rising nearly 10% in August, cooling expectations for another rapid leg higher. According to Polymarket, the probability of gold reaching $5,000 per ounce before the end of the year is now only slightly above 50%, while the odds of hitting $4,500 are close to certain. The market assigns about a 13% chance to gold reaching $6,000, and the probability of a near-term rebound to $4,700 is below one-third. The latest pullback came as hawkish signals from the Federal Reserve, rising U.S. Treasury yields and stronger oil prices weighed on sentiment. Spot gold fell more than 2% on Tuesday to around $4,350 per ounce, down from a prior high near $4,697. After Federal Reserve Chair Warsh delivered a hawkish message at Jackson Hole, bets on a September rate hike climbed to about 66%, while the U.S. 10-year Treasury yield rose to roughly 4.78%. Brent crude also moved above $91 a barrel, adding to inflation pressure. Even so, the report said the longer-term case for gold has not disappeared. Concerns over fiscal deficits, expanding government debt and the dollar’s purchasing power are still seen as supportive, while Citigroup expects gold to reach $5,000 over the next 6 to 12 months and lifted its short-term target to $4,800.

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Policy Regula

2026-09-01 10:16:58

Wall Street banks push law firms to pass AI savings directly into fees

Goldman Sachs, Morgan Stanley, and Citigroup are pressing large U.S. law firms to reflect AI-driven efficiency gains in their pricing, not just in reduced billable hours. The shift goes beyond the normal effect of hourly billing, where a task cut from 10 hours to four would already lower the invoice. Banks now want firms to estimate those savings upfront and submit lower overall quotes. Citigroup has already asked law firms to bid for projects and explain how much cost AI has saved them. Morgan Stanley plans to move most external legal work to competitive bidding by year-end and use more fixed-fee arrangements. Goldman Sachs is also asking firms to show how much efficiency AI has actually delivered. The move puts pressure on the long-standing large-law-firm model built on billable hours multiplied by hourly rates. AI can speed up research, contract review, and litigation document retrieval, yet top U.S. law firm hourly rates are still rising. Wall Street is now trying to capture those AI savings directly by paying less for legal services.

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Gate

2026-08-31 07:40:56

Gate distributes cash dividends for 99 U.S. stock products in USDT equivalent

Gate has completed cash dividend distribution for 99 U.S. stock products, including Starbucks (SBUX), Citigroup (C), Novo Nordisk (NVO), Charles Schwab (SCHW), and Eaton (ETN), according to an official announcement cited by Odaily. The exchange said eligible users received payouts in USDT equivalent on a proportional basis, with no manual action required. The dividend round covers U.S. stock products tied to corporate payout dates from Aug. 24 to Aug. 28, 2026. Gate said the covered names span multiple sectors, including technology and semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, REITs, utilities, materials, media and entertainment, telecommunications, and strategy ETFs. Using Starbucks as an example, Gate said the current dividend was $0.62 per share, and the actual credited amount is calculated as holdings quantity × dividend per share × 90%. Users can check distribution details through the APP path TradFi - Stocks - Trading - History - Funds Flow, or via the Web path Stocks - Funds Flow. The final credited amount and arrival time are subject to the actual account posting.

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Citigroup

2026-08-26 06:45:15

Citi sees record global bond and equity issuance by South Korean companies in 2026

Citigroup expects South Korean companies to reach a record level of issuance in global bond and equity markets in 2026, as corporates tap international investors to fund growth. The most prominent example cited was SK Hynix’s $26.5 billion U.S. listing transaction. Jangho Park, chief executive of Citigroup Global Markets Korea, said the country has a growing group of world-class companies and emerging industry leaders that are making greater use of capital markets under competitive financing conditions to support expansion plans. Citi’s outlook comes as South Korea’s two major chipmakers are emerging as key beneficiaries of the global buildout in artificial intelligence infrastructure. The country is also seeking to drive companies including Samsung Electronics and SK Hynix to invest at least 1,350 trillion won, or $975 billion, in chip and data center construction, though many of those projects remain at an early planning stage.

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Citigroup

2026-08-20 16:16:38

Citigroup plans Bitcoin custody service for institutional clients this year

Citigroup plans to offer Bitcoin custody to institutional clients later this year through its Custody+ platform. The service would place Bitcoin alongside traditional assets such as stocks and bonds under a single custody framework, letting clients access custody, settlement, foreign exchange, cash and liquidity services through one system. Citigroup has not disclosed an exact launch date or the first client list. The bank said Custody+ will also provide real-time settlement, FX services, automated hedging, cash management and liquidity tools. Single Event Processing in its custody system currently handles more than 80% of event volume in real time, and in the U.S. it has cut processing times for some voluntary corporate actions by as much as 92%, with 96% of related events completed within two hours. Chris Cox, head of Citi Investor Services, said Citi invests more than $2 billion a year in its Services platform.

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Bitcoin

2026-08-19 02:07:52

Bitcoin Holds Around $64,500 Ahead of White House Crypto Meeting as Spot ETF Flows Turn Positive

Bitcoin traded around $64,500 on the morning of Aug. 19 after climbing from below $64,000 over the previous 24 hours, even as macro and geopolitical headlines stayed tense. The immediate focus for traders is a White House crypto policy meeting scheduled for 2:30 p.m. Eastern on Aug. 19, where Donald Trump, SEC Chair Atkins and CFTC Chair Selig are set to appear. Against that backdrop, U.S. spot Bitcoin ETFs posted a net inflow of $297.56 million on Aug. 18, snapping a three-day streak of outflows, while spot Ether ETFs added another $30.85 million. The source article argues that markets are currently pricing the policy event more heavily than the breakdown in the U.S.-Iran 60-day negotiation window. Trump said there are no current talks and no new talks scheduled with Iran, while Iranian officials described a shift toward a "full offensive" posture and said the Strait of Hormuz would remain closed until conditions tied to a June interim deal are met. Oil reacted sharply, with Brent settling at $91.02 a barrel and WTI at $84.94, both the highest closes since July 24. At the same time, the report points to improving Bitcoin technicals, including a move above the 50-day and 200-day EMAs, a MACD golden cross, and a Fear and Greed Index rebound to 41. The key near-term level highlighted in the piece is $65,000, with the White House meeting seen as the main catalyst for the next directional move.

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Citigroup

2026-08-14 20:03:41

Citi CEO Jane Fraser backs passage of crypto Clarity Act, while seeking changes

Citigroup CEO Jane Fraser said the bank wants the crypto Clarity Act to become law, though she added that some parts of the bill still need improvement. Fraser said Citi wants regulation that supports innovation while allowing digital asset technology to be adopted safely, describing that outcome as positive for the broader system. The legislation had been expected to move to a vote before lawmakers left for recess last week, but time ran out and the vote is now expected in September. One of the main sticking points remains opposition from the banking lobby, which has objected to crypto companies paying customers yield for holding stablecoins. Fraser repeated that concern, saying smaller U.S. banks play an important role and that deposit reward systems could have harmful effects. Coinbase withdrew its support for the bill in January after clashing with banking executives over whether stablecoin yield should be banned, while institutions including Fidelity and Goldman Sachs have said the revised version works in its current form.

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Taiwan dollar

2026-08-14 03:04:09

Taiwan dollar breaks 32 as foreign buying and MSCI reweighting lift demand

The Taiwan dollar strengthened past the 32-per-U.S.-dollar mark, with USDTWD at 31.991 at press time, as overseas investors extended their buying streak in Taiwanese equities and MSCI raised Taiwan’s weighting across three major indexes. Data from Taiwan’s stock market showed foreign investors were net buyers for four straight trading sessions from Aug. 10 to Aug. 13, with cumulative net purchases of NT$160.786 billion over the period and NT$187.455 billion so far in August. MSCI’s latest quarterly review lifted Taiwan’s weight in the MSCI Global Standard Indexes, the MSCI Emerging Markets Index, and the MSCI AC Asia ex Japan Index. In the MSCI Emerging Markets Index alone, Taiwan’s weighting rose from 26.60% to 26.85%, a 0.25 percentage-point increase, setting up passive fund rebalancing flows ahead of the effective date. Bloomberg, citing DTCC-compiled data, also reported a shift in derivatives positioning. Traders built large U.S. dollar-Taiwan dollar put option positions, pushing July notional derivatives turnover to nearly $8 billion. It was the first month this year in which put volume exceeded call volume. Citigroup said some client trades were targeting 31.5, while broader support also came from Asian central bank intervention and expectations that the Federal Reserve would pause rate hikes.

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