📢📢Gold Price Forecast: XAU/USD jumps above $5,000 as China's gold buying drives demand📢📢
Gold price climbs to around $5,035 in Monday’s early Asian session.
$BTC Concerns over the Fed’s independence and ongoing geopolitical tensions boost the safe-haven demand.
$BNB Gold price (XAU/USD) rises to near $5,035 during the early Asian session on Monday. The precious metal extends its recovery amid a weaker US Dollar (USD) and rising demand from central banks. The delayed release of the US employment report for January will be in the spotlight later on Wednesday.
$ETH US Treasury Secretary Scott Bessent on Thursday refused to rule out the possibility of a criminal investigation of Kevin Warsh, President Donald Trump’s nominee for US Federal Reserve (Fed) chair, if Warsh ends up refusing to lower the interest rates. Concerns over the Fed’s independence continue to drag the Greenback lower and provide some support to the USD-denominated commodity price.#WhaleDeRiskETH #GoldSilverRally #BinanceBitcoinSAFUFund
