1. **War Situation in the Middle East:**
- **News of "truce":** There is information spreading about a truce in the Middle East, directly affecting the financial market.
- **Israeli Prime Minister:** Expressed willingness to partially end the war and reach a hostage agreement, but emphasized that the war will not end until Hamas is destroyed.
2. **Effect on Market:**
- **Gold:** Gold price fell to 2,317 USD due to news of the armistice and other economic factors.
- **Bitcoin:** Bitcoin price also dropped to 63,000 USD in a similar context.
3. **Impact of US Economic Policy:**
- **hawkish pricing policy:** This policy has put pressure on the market ahead of the US PCE announcement.
- **Uncertainty about interest rates:** Uncertainty about the timing of the Fed's interest rate cut and the possibility of a pause in China's gold buying wave have reduced the short-term outlook for gold.
- **Stronger US Dollar:** A stronger US Dollar and rising US Treasury bond interest rates also create additional downward pressure on gold prices.
4. **Short Term Forecast:**
- **Gold:** The short-term forecast for gold appears bearish due to current economic and political factors.
- **Bitcoin:** Bitcoin price may continue to fluctuate depending on the economic situation and news from the Middle East.
Conclude:
Closely monitoring international news and economic policies of major countries is very important to understand and predict financial market developments. News of the armistice and other economic factors could have a major impact on gold and Bitcoin prices in the short term.
