🕒 Time Zone: Pakistan Standard Time (PKT, UTC+5)
🟡 Gold$XAUT
Gold is showing resilience around the $4,165/oz area. Softer U.S. inflation data has reduced some expectations of an October Fed rate hike, while higher Treasury yields and a stronger dollar remain key factors for gold.
Bitcoin is trading around $84K, with renewed spot ETF demand supporting the market. Traders are also watching U.S. yields closely, as higher yields can pressure risk assets such as BTC.
Ethereum remains in focus after Citi raised its 12-month ETH forecast to $3,028, citing stronger crypto activity, macro conditions and ETF flows.
⚠️ Key Event Today: U.S. NFP
The September U.S. Nonfarm Payrolls (NFP) report is due today. The result could create significant volatility across BTC, ETH and Gold, particularly through its impact on Federal Reserve rate expectations.
📌 Traders should watch: NFP → USD → Treasury yields → Gold & Crypto volatility.
#Bitcoin #BTC #Ethereum #ETH #Gold #Crypto #Binance #NFP #Fed #Trading #MarketUpdate