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#CryptoMarketPullback
MARKET OVERVIEW
Gold hit a new record of $4,887/ounce, driven by increasing safe-haven demand amid tensions in Greenland.
Silver, slightly below $94.5, remains near all-time highs despite US-Europe tensions and global bond sell-offs.
#BTC 🇺🇸
The US is consolidating seized Bitcoins under the Strategic BTC Reserve. Auctions have been halted.
#DXY 🇺🇸
US–EU tensions pushed the dollar index to 98.5. Confidence in American assets is weakening.
#EUR 🇪🇺
EUR/USD retreated slightly to 1.1711. ING indicates the pair may fall below 1.17.
High inflation in the UK keeps the pound above 1.34. Expectations of interest rate cuts are postponed.
US natural gas prices rose over 20%, reaching $4.71/MMBtu.
Brent crude oil retreated to $64.19 amid expectations of inventory increases.
PBOC has raised the reference rate above 7 to slow the yuan's appreciation.