#SPCXxIPOCampaignOnBinanceWallet
📉 Gold has recorded its third straight red day despite rising US-Iran tensions. So why isn't the safe haven rallying? 🛡️
🔸 Spot Gold slipped to around $4,110 after touching nearly $4,400. 🔸 Rising US inflation is strengthening the Dollar and keeping rate cut hopes low. 🔸 Investors are favoring cash over non-yielding assets like Gold. 🔸 Hedge funds are selling Gold and Crypto to manage liquidity pressure. 🔸 Reduced oil supply fears have also weakened Gold's appeal.
⚠️ Gold and Bitcoin are moving closely together. A break below $4,000 for Gold could put pressure on $BTC toward the $58K-$60K range.
BTC
63,581.74
+2.61%
XRP
1.1418
+3.19%