BTC Daily Report Aug 28-AR.pdf

Aug 28, 20230 likes34 views

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Economy & Finance

Gold prices fell to $1915 after failing to break the $1930 resistance, with the possibility of further declines to $1905 and $1885 if support fails. The European Central Bank has raised its rates to 4% but is cautious about further increases, while oil prices rose due to tightening supply. The dollar remains strong as the Federal Reserve maintains a hawkish stance, with market focus on upcoming U.S. economic data and signals from Fed officials.

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