โ Warning: Do not risk more than 5% of your capital. Trading in gold and other financial markets involves significant risk and may result in substantial losses.
๐ Fundamentals Impacting XAUUSD (29 August 2024):
1.๐ต Gold Gains on Weaker USD:
Gold is benefiting from a weaker US Dollar (USD), which is negatively correlated with the precious metal. The US Dollar Index (DXY) is down in the 100.90s after pulling back from a peak of 101.18 on Wednesday.
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๐จ Coinbase & CEO Hit with Class-Action Lawsuit ๐จ
๐ Coinbase and its CEO, Brian Armstrong, are facing a new class-action lawsuit filed in the United States District Court for the Northern District of California, San Francisco Division.
The lawsuit alleges that Coinbase engaged in unlawful practices, misleading investors into purchasing securities.
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