Review of the analysis of the dollar, gold and cryptocurrency markets on Monday, December 16, 2024
Important and urgent analysis of the price of the dollar, gold and coins, as well as various cryptocurrencies, can provide investors with a useful perspective. Lidoma analysts analyze the following in parallel stock markets:
1. Today, Monday, December 16, 2024, the global ounce increased by 0.35% to $ 2,657, 18-karat gold increased by 1.74% to 4 million and 937 thousand tomans, and coins increased by 1.73% to 54 million and 925 thousand tomans.
2. The price of gold began a new shine: The price of gold has risen significantly under the influence of increasing global prices and the growth of the exchange rate. Experts believe that increasing demand in the domestic market and crossing the resistance level of 21 million and 500 thousand tomans for molten gold will pave the way for continued price growth.
3. The growth of the dollar brought the coin to its peak: With the increase in the price of the dollar, the coin market began to grow significantly in all parts and the coin bubble also grew larger. Analysts believe that the Emami coin will witness significant growth by crossing the resistance level of 54 million and 500 thousand tomans.
4. Will global gold set a new record? With the start of global markets, the price of an ounce of gold grew. Increased demand from central banks and crossing the resistance of $ 2,700 could pave the way for a continued upward trend in prices.
5. Oil prices on an ambiguous path: Oil prices fell while concerns about supply disruptions due to the intensification of sanctions prevented prices from falling further. However, investors are looking to the Federal Reserve meeting to find clues and determine the future path of oil prices.
6. Dollar shines against currencies: The dollar index hit a three-week high against other currencies as U.S. Treasury yields rose. However, the dollar index could fall if the Federal Reserve cuts interest rates.
7. Bitcoin regains confidence: Bitcoin’s recent rally has boosted investor confidence in the currency. The number of wallets holding less than 1 bitcoin has reached more than 323,000 addresses, a significant 21% increase. This increased demand, which started at $61,000, bodes well for the future of Bitcoin.