OCBC’s Christopher Wong sees Gold showing tentative stabilisation as softer UST yields and lower Oil prices offer support. However, bullion remains trapped between lower-yield support and the risk that any renewed crude spike revives inflation and Fed tightening concerns.
Bitcoin (BTC) holds above $77,000 at press time on Friday as bearish sentiment wanes in the broader market. Near Protocol (NEAR) and Venice Token (VVV) have posted double-digit gains over the last 24 hours, emerging as top performers.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.25 during the early Asian trading hours on Friday.