$BTC
US-China trade talks are happening today in London, with US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer meeting with China's Vice Premier He Lifeng. These talks come after a strong US Nonfarm Payrolls report, which showed 139,000 jobs added in May, beating estimates. The US Dollar Index is currently trading below 99.00, and gold prices are battling the $3,300 threshold amid a bearish start to the week.
*Key Points to Watch:*
- *Trade War Developments*: The talks aim to address trade tensions between the two nations, which have imposed tariffs on each other's goods.
- *Market Impact*: The outcome could influence the US Dollar, gold prices, and the broader cryptocurrency market.
- *US Consumer Inflation Data*: Wednesday's CPI data release is also being closely watched, as it may impact interest rate decisions and market sentiment.
*Market Reactions:*
- Gold prices have extended their losing streak, facing rejection at the key daily resistance at $3,377.
- The US stock index futures are losing between 0.2% and 0.25%, reflecting a risk-averse market atmosphere.
- Crypto currencies, including Bitcoin, Ethereum, and Ripple, are facing headwinds amid trade uncertainty .
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