Prime Intellect 價格PRIME

⚡️ UPDATE: BlackRock just transferred 72,370 $ETH($312M) and 266.79 $BTC($29.88M) to Coinbase prime.

Gold remains well bid above $3,600 Gold continues to rise beyond the $3,600 mark per troy ounce, reaching a new record high on Monday.  US Treasury bond rates and the USD continue under pressure after the poor August employment data, underpinning the move higher in the precious metal   XAU/USD Technical Overview Technically, Gold could see a brief corrective decline as the 14-day Relative Strength Index (RSI) remains in a heavily overbought zone. The leading indicator is currently near 76.    Any pullback in Gold could challenge the initial support at the $3,550 psychological level, below which the September 4 low of $3,511 will be tested. A sustained break below the latter will open up a fresh downside toward this month’s low of 3,437. However, the Bull Cross of the 21-day Simple Moving Average (SMA) and the 50-day SMA could keep bargain hunting alive.     If buyers regain poise, the next topside barrier is seen at the $3,600 psychological mark/ record high. Further north, all eyes will be on the $3,650 figure. Fundamental Overview Despite the latest pullback from record highs, Gold buyers retain control amid sustained dovish expectations surrounding the US Federal Reserve (Fed), lingering Russia-Ukraine geopolitical tensions, and additional Gold buying by China’s central bank last month. The August US jobs report underscored the fourth consecutive month of weak hiring, cementing a 25 basis points (bps) Fed interest rate cut later this month. The Bureau of Labor Statistics (BLS) showed Friday that the headline US Nonfarm Payrolls (NFP) increased by 22,000, far below forecasts of 75,000, while the Unemployment Rate climbed to 4.3%, the highest level since late 2021. Additionally, Russia carried out its biggest air strike of the war on Ukraine over the weekend. In response, Ukrainian President Volodymyr Zelensky said the barrage of drones and missiles left four people dead and caused widespread damage across the north, south and east of the country, per Reuters. Furthermore, the official data showed on Sunday that the People’s Bank of China (PBoC) added Gold to its reserves in August, extending purchases of bullion into a 10th straight month. However, Gold buyers turn cautious amid renewed US Dollar upswing, led by a steep surge in the USD/JPY pair after the Japanese Yen (JPY) tumbled on the domestic political instability. Japanese Prime Minister Shigeru Ishiba stepped down from his position on Sunday, following a string of election defeats that stripped his Liberal Democratic Party (LDP) of its majority in both houses of Parliament. A slowdown in Chinese imports in August raised concerns over the dragon nation’s economic prospects, threatening the Gold price upside. China is the world’s top yellow metal consumer. Looking ahead, traders could resort to liquidating their Gold long trades, repositioning before the critical US Consumer Price Index (CPI) and Producer Price Index (PPI) inflation data due later in the week. The inflation data will help confirm whether the Fed will deliver a jumbo rate cut this month.

*FRENCH PRIME MINISTER BAYROU LOSES CONFIDENCE VOTE IN NATIONAL ASSEMBLY, WILL NEED TO TENDER RESIGNATION

Sell $PRIME 🤑 Buy $BSTR Huge Pump Loading 🚀$BSTR Going to the Moon 🚀$BSTR Target 🎯 0.00400$+ $BTC $PI $VOXEL $DARK $BANK $PAWS $ALICE $LUCE $JELLYJELLY $BTC $ARB $CEC $BUBB $H $HYPER $SHM $IN $MYX $CSKY $ANI