📰 Market Snapshot: Gold Slips, Bitcoin Climbs, USD Faces Pressure

 Gold prices dip amid dollar strength, Bitcoin surges past $109K on whale activity, and the U.S. dollar index struggles below 99.50 amid fiscal concerns.

Gold Prices Decline Amid Dollar Firmness

🟡 Gold Prices Decline Amid Dollar Firmness

• Spot Gold: Down 0.5% to $3,325.99 per ounce. FOREX24.PRO+6Reuters+6Bahrain News Agency+6

• U.S. Gold Futures: Dropped 1.2% to $3,325.70. Reuters+1TradingView+1

The decline is attributed to the U.S. dollar regaining strength and investor caution ahead of upcoming economic data releases.

₿ Bitcoin Surges Past $109K on Whale Activity

• Current Price: Approximately $109,200. Blockchain News

A significant liquidation of 2,406 BTC by a large holder triggered buying pressure, propelling Bitcoin's price upward.Blockchain News

💵 U.S. Dollar Index Struggles Below 99.50

• Current Level: Around 99.03. Morningstar+11FXEmpire+11Trading Economics+11

The dollar faces headwinds due to concerns over the U.S. fiscal outlook, including a projected $3.8 trillion increase in national debt over the next decade. Reuters

📈 Market Outlook

Investors are closely monitoring:

• Federal Reserve Speeches: For insights into future interest rate policies.Reuters

• U.S. Core PCE Price Index (May 30): A key inflation measure influencing Fed decisions.Reuters

• Geopolitical Developments: Particularly U.S.-EU trade negotiations and fiscal policy changes.