$BTC 🔻 Gold loses 200 dollars in a day
⭕ Gold prices have dropped by more than 200 dollars in less than 24 hours, from historic levels of 3500 to 3291 dollars per ounce
⭕ The declines raise questions about their implications, is it a temporary disruption or an indicator of a deeper flaw in the global market?
⭕ Backwardation: This is a situation where the spot price of a commodity is higher than the futures price, indicating high immediate demand, meaning that investors prefer to get gold now rather than postpone receiving it, fearing supply shortages or worsening crises.
#MarketRebound #USChinaTensions، #BinanceAlphaAlert #BNBChainMeme #CryptoMarketCapBackTo$3T
