AiCoin Daily Report (December 03)
1. Zhao Changpeng predicts that more historical highs will occur
Binance founder Zhao Changpeng stated that he predicts "more historical highs will appear soon." -Original
2. The UK officially recognizes cryptocurrency as legal property
The UK has officially recognized Bitcoin and cryptocurrencies as legal property, confirming their legal status. -Original
3. Gold prices have fallen below $4200 per ounce, focusing on U.S. economic data
On December 2, gold prices continued to decline, and silver fell back from the record high set yesterday. Credit Suisse analyst Carlo Alberto De Casa stated that some traders chose to take profits after gold prices rebounded from $4000 to $4250. Data shows that U.S. manufacturing has contracted for the ninth consecutive month in November. Investors are focusing on the November ADP employment report and the September PCE index for clues about a potential interest rate cut at the Federal Reserve's meeting next week. At the same time, the market is waiting for President Trump to announce the new Federal Reserve Chair nominee, with White House National Economic Council Director Hassett being the leading candidate. De Casa expects gold prices to consolidate between $4000 and $4400 in the coming weeks and stated that a Federal Reserve interest rate cut could drive gold prices up. -Original