Gold Dips Below $4,500 as Silver Reverses Intraday Rally — Dec 29, COINOTAG News
COINOTAG News, December 29 — in a risk-off session, spot gold and spot silver eased after a brief intraday rally, signaling a shift in demand for traditional safe-havens amid evolving macro cues. Spot gold traded under $4,500 per ounce, recording a 0.82% intraday decline as liquidity conditions and USD dynamics weighed on bullion prices. The persistence of a cautious tone across commodity markets suggests spillover effects for risk assets, including crypto markets.
On the metal complex, spot silver erased more than a 6% intraday gain, now at $77.7 per ounce, after reversing from a rise to a 1.58% intraday fall. The reversal reflects a recalibration of speculative positions and liquidity flow, factors closely watched by crypto traders as they assess risk appetite and capital allocation in Bitcoin and other digital assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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