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As gold trades in a slightly widening ascending channel, traders are watching closely for any shifts in U.S. economic policy that could impact prices. With the Fed expected to make further rate cuts, gold’s allure as a zero-yielding asset remains strong.
Key drivers include expectations of U.S. interest rate cuts, ongoing inflation concerns, and strong central bank purchases, particularly from countries like India.
Ethereum (ETH) is valued at around $2,300. As the second-largest cryptocurrency by market cap, Ethereum continues to innovate with its smart contract capabilities.