Gold 2701 safe haven buying drives up Bitcoin, explores 94000 liquidation leverage

2024-12-11 1661

On Wednesday (December 11th), the US dollar index slightly fell to 106.38, but due to the strong fundamentals of the US economy, buying remained strong ahead of the release of the Consumer Price Index (CPI). Gold surged to $2701, as safe haven sentiment supported precious metals. Russian President Beijing shipped a new hypersonic missile to Belarus, while Israel penetrated deep into Syrian territory and announced the destruction of its navy. Bitcoin fell below the clearing leverage of $94263 and rebounded to the level of $96400.

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