#MetaplanetBTCPurchase
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1. An Overview of the Global Trading Market
Global markets are experiencing fluctuations due to ongoing regional tensions, particularly between Israel and Iran, prompting investors towards safe-haven assets such as gold and major currencies. Central banks are awaiting decisions from the Federal Reserve, amid expectations of two interest rate cuts by the end of the year, and a cautious outlook may persist until September.
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3. Gold and Bitcoin Prices
Gold prices have seen a significant increase: the global price surpassed $3428 per ounce, the highest level since April, driven by its appeal as a safe haven amid conflicts. In Egypt, the price of an ounce of gold reached approximately 164,744 EGP for buying and 163,850 EGP for selling according to "EgCurrency".
Turning to Bitcoin, the current price is $106,559, with a slight increase (+0.005%) during the day, with today’s range between 104,601.
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Bitcoin continues to trade within a limited range today, recording $106,568 with a slight increase (+0.005%) from the previous close. The price ranged between $104,601 and $106,678. The relative calm reflects the market's anticipation of the Federal Reserve meeting and U.S. inflation data. Investors are still turning to Bitcoin as a hedge asset amid escalating geopolitical tensions and weakened confidence in the dollar.
