Gold surprised the markets strongly after the Federal decision, closing at $4,378.23 with a daily gain of +0.84%, despite the fact that the rate decision was supposed to support the dollar and pressure gold.
But what happened in the markets was different. 👀
📊 3 factors supported gold’s return:
🔻 U.S. Treasury bond yields for 10 years fell to below 5%.
🔥 Oil prices continue falling for the third day, easing some inflation pressures that markets are monitoring.
💵 The dollar has lost some of its strength, with the dollar index down by about 0.05%.
During the session, gold moved between $4,334.29 and $4,399.67, before closing near $4,378.
🔥 But the most important question now:
If bond yields keep falling and the dollar stays weak, can gold break above $4,400?
What about crypto? 👀
A drop in yields and a weaker dollar may change investors’ appetite for high-risk assets, but BTC and altcoins need confirmation from price action and liquidity before considering this the start of a new wave.
📈 Gold regains its strength…
₿ Bitcoin is trying to hold above 81k…
And the market is waiting for the next signal.
In your opinion: gold first above $4,400 or BTC above $82,000?
$XAU $BTC $XRP
#Gold #XAUUSD #Bitcoin #Crypto #Binance #FederalReserve
