Bitcoin has fallen below the $90,000 level, extending a pullback from its recent peak near $120,000 as investors grapple with uncertain macroeconomic signals and uneven liquidity conditions. Key Takeaways: Bitcoin fell below $90,000 as Fed uncertainty and tight liquidity kept investors cautious. Elevated interest rates and rising yields continue to limit institutional appetite for Bitcoin. Low exchange reserves show holder conviction, but analysts see consolidation rather than a near-term breakout. ...

Core Viewpoint - Gold price remains stable within a narrow range as bullish momentum is insufficient to challenge the support-turned-resistance level of $4,200, influenced by a stronger US dollar and expectations of a hawkish Federal Reserve [1] Group 1 - The current gold price is unable to break through the $4,200 level, indicating a lack of bullish momentum in the market [1] - A stronger US dollar is contributing to the pressure on gold prices, making it more expensive for holders of other currencies [1] - Market expectations of a hawkish Federal Reserve are impacting investor sentiment towards gold, as higher interest rates typically reduce the appeal of non-yielding assets like gold [1]

🚨 NEW: Bitcoin struggling to hold overhead resistance as long-term holders add selling pressure and rising US dollar strength dampens risk appetite.What's really holding $BTC back? https://t.co/Wx1wo6GOxM ...

When you look at gold's price action today, gold futures are lower for the first time. It feels like in about five or six days the dollar is stronger and there seems to be a shift in tone on the US dollar. Can the dollar and gold continue to move higher at the same time.If there is this sea change in more conviction in dollar strength going forward. Well, that's a great question. I think that speaks to our our preference.We prefer silver at the moment over gold around a week and a half ago, we upgrade our s ...

Geopolitical Developments - Diplomatic talks between E3 nations (France, Germany, and the UK) and Iran regarding its nuclear program have failed, leading to the activation of the "snapback" mechanism for UN sanctions due to Iran's alleged non-compliance with the JCPOA [2][6] - Iran's Supreme Leader has ruled out direct nuclear negotiations with the US, labeling them a "dead end," and has rejected E3 proposals, considering the snapback mechanism unlawful [2][6] Oil Market Dynamics - Oil supplies from Iraq's Kurdistan region to Turkey are set to resume, with approximately 230,000 barrels per day expected to flow through the pipeline, potentially alleviating global oil supply concerns [3][6] - The resumption of oil exports follows a deal between Iraq's federal and Kurdistan regional governments and oil firms, although formal signing and ratification by Baghdad are still required [3] Automotive Industry Trends - Volkswagen is implementing production cuts and temporary halts at several German electric vehicle plants due to slowing demand for light commercial vehicles and a slower-than-anticipated adoption of EVs [4][6] - The Hanover plant will pause production for one week in October, while the Zwickau plant will halt production for a week starting October 6, affecting models like the Audi Q4 e-tron [4] Pharmaceutical Industry Updates - The FDA has eliminated the Risk Evaluation and Mitigation Strategies (REMS) for Sanofi's cancer drug Caprelsa (vandetanib), streamlining its availability as healthcare providers are now deemed capable of managing associated risks [8][6] Currency and Economic Outlook - Barclays analysts assert that the US dollar's relative strength indicates that the fundamental underpinnings supporting the currency remain intact, despite economic headwinds and challenges to the Federal Reserve's autonomy [9] - Barclays' CEO expressed confidence that the US dollar will maintain its status as the world's reserve currency [9]

Government Debt - US debt to GDP ratio is approximately 121%, with about 36 trillion USD of debt and a GDP of about 30 trillion USD [1] - US debt to GDP ratio is among the highest, second only to Japan's 240% [2] - US national debt is considered a significant problem for the market's future [3] - The debt to GDP ratio has doubled since the 1990s, when it was around 60-66% [3] Gold and Silver Ratio - The current gold to silver ratio is about 91, while historically it averages around 60 [3][4] - Gold prices have increased by approximately 30% this year [5] US Dollar and Platinum - The US dollar has declined by about 12% in the first six months of the year, marking one of the biggest declines since 1973 [5] - Platinum prices are currently less than half the price of gold, despite recent increases [6] - Platinum may be an option for diversifying out of stocks or other assets [6]