Gold accelerated declines after a stronger-than-expected U.S. jobs report doused expectations for U.S. interest rate cuts this year, adding to bearish sentiment driven by data showing top consumer China held off on bullion purchases in May.
The Gold-Dollar pair dove 3.4% in the last session. The CCI points to an oversold market.
Support: 2344.2851 | Resistance: 2394.2351
The Arbitrum Foundation, the team responsible for the Ethereum rollup-based layer-2 network Arbitrum, has committed substantial resources to developing the gaming industry within its ecosystem. The proposal sets aside 225 million Arbitrum tokens valued at approximately $215 million to be distributed over three years through the newly established Gaming Catalyst Program.
Nvidia rallied to record highs, with the artificial intelligence chipmaker’s valuation breaching the $3 trillion mark and overtaking Apple to become the world’s second most valuable company.
The Silver-Dollar pair exploded 1.4% in the last session. The ROC is giving a positive signal.
XAG/USD exploded 1.4% in the last session.
The ROC is currently in positive territory.
Support: 28.3961 | Resistance: 31.4342
Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia’s hardware this year, CEO Elon Musk said. Musk also said that out of the $10 billion in artificial intelligence-related capital expenditure this year, around half would be internal spend.
Tesla’s stock price remained largely unchanged in the last session. The CCI is giving a negative signal.
Support: 169.7733 | Resistance: 185.7633
Oil prices fell more than $1 a barrel on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.
The Oil-Dollar pair plummeted 1.5% in the last session. The CCI indicates an oversold market.
Support: 71.661 | Resistance: 79.061
