| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107315.2200000000 |
| ETH | $2430.6970000000 |
| BNB | $645.9014400000 |
| XRP | $2.2030550000 |
| ADA | $0.5626618000 |
| SOL | $147.4224000000 |
| DOGE | $N/A |
| DOT | $3.3640800000 |
| LTC | $86.1990000000 |
| LINK | $13.2116100000 |
Category: CRYPTO NEWS
The post XAU/USD holds above $3,300 on economic uncertainty, geopolitical risks appeared on BitcoinEthereumNews.com. Gold price edges higher to near $3,310 in Monday’s early Asian session. Economic uncertainty and geopolitical risks provide some support to the Gold price, a safe-haven asset. US PCE inflation eased to 2.1% YoY in April, softer than expected. The Gold price (XAU/USD) rebounds to around $3,310 during the early Asian trading hours on Monday. Ongoing tariff uncertainty and persistent geopolitical tensions boost demand for safe-haven assets like gold. Investors will keep an eye on the US May ISM Manufacturing Purchasing Managers’ Index (PMI) report, which is due later on Monday. The precious metal drifts higher amid renewed tensions between the United States (US) and China. US President Donald Trump claimed on Friday that China had violated their trade agreement. This, in turn, has fueled uncertainty in global markets and provided some support to the Gold price. However, US Treasury Secretary Scott Bessent said on Sunday that Trump and Chinese President Xi Jinping are likely to speak soon to iron out trade issues, including a dispute over critical minerals. Any positive developments surrounding the US-China trade talks might cap the upside for the yellow metal. Additionally, the escalating geopolitical tensions in the Middle East underpin the yellow metal. The BBC reported early Monday that Ukraine said it completed its biggest long-range attack of the war with Russia on Sunday, following the use of smuggled drones to launch a series of major strikes on 40 Russian warplanes at four military bases. A softer US inflation report keeps hopes for a rate cut alive. The US Personal Consumption Expenditures (PCE) Price Index rose 2.1% year on year in April, compared to 2.3% in March, the US Bureau of Economic Analysis showed on Friday. This figure came in below the 2.2% forecast. Gold FAQs Gold has played a key role in human’s history as…
2025-06-02T02:42:22+00:00