Gold and Bitcoin are showing signs of recovery as financial markets react to recent developments on Tuesday. The UK bond market experienced a sell-off, causing ripple effects across global markets. Simultaneously, higher interest rates in the US remain a cause for concern, potentially influencing future market trends. Despite a challenging start to the week, gold's price (XAU/USD) is rebounding, trading near $2,670. Bitcoin, too, has recovered after a substantial dip, now trading at approximately $95,500.
The recent downturn at the start of the week resulted in significant financial impacts, with over $734 million in total liquidations. Bitcoin was notably affected, suffering over $152 million in BTC liquidations, as its price dipped below $90,000 on Monday. However, by Tuesday, Bitcoin's resilience was evident as it climbed back to around $95,500.
Gold's performance is also noteworthy. After a sluggish start on Monday, its price is now recovering. Various critical releases are anticipated to further influence market volatility, with comments from President-elect Donald Trump expected to contribute significantly to the fluctuating market landscape.
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