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Log in to today's North American session Market wrap for August 28 Markets were impatient for news regarding any progress in Ukraine-Russia talks, amid a fairly dull geopolitical week – and unfortunately, the German Chancellor Merz just announced that Zelenskyy-Putin talks will not take place, at least for now. Oil rallied after these news but the spike saw some rejection after reaching a key technical pivot zone. We have yet to see much diplomatic progress this week. Read More: US Oil (WTI) breaks $65, Russia–Ukraine talks regress It also seems that Japan isn't too fond of the current state of things regarding US tariffs, with the Japanese trade negotiator Nakazawa planning to come back to the United States to resume talks. Apart from that, Nvidia who reported earnings after-close yesterday saw some decent selling in today's session – Some political backdrops are to be monitored with the China and US AI Cold War still ongoing. Cross-Assets Daily Performance Cross-Asset Daily Performance, August 28, 2025 – Source: TradingView Gold and Nasdaq saw their best weekly performance today. Strong Nvidia earnings and even better Magnificient 7 performance lifted the tech-focused index. I invite you to check out our most recent Silver and metals analysis to spot why the ongoing demand is strong – Gold's rise was surely supplemented by the lack of progress in Eastern Europe's diplomatic talks. A picture of today's performance for major currencies Currency Performance, August 28 – Source: OANDA Labs The US Dollar saw some decent selling flows despite beating its Quarterly GDP release, which allowed the NZD to lead another low volume and volatility FX session. A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Today's session is not exactly over for JPY traders – Monthly Tokyo inflation data is expected to get released at 19:50 in the evening session. This piece of inflation data tends to be more influential than other japanese inflation releases. The week will conclude with Retail Sales for Germany at 2:00 A.M followed by their CPI at 8:00 A.M. The North American Session will also welcome Canadian GDP data and Core PCE at the same time (8:30 A.M.) Later in the morning, Chicago PMI will get released at 9:45 and then, U-of-Mich Surveys with important inflation expectation readings. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Bitcoin is entering a phase of unusual calm, with price volatility dropping to some of its lowest levels in years. For many analysts, this reduced volatility is not a sign of weakness; rather, it’s a sign of strength. If this trend continues, the groundwork could be laid for a sustainable bull run fueled by Bitcoin’s growing reputation as a long-term store of value. Can Reduced Volatility Redefine Bitcoin’s Market Identity? Bitcoin is entering a new phase in its market evolution. As highlighted by CryptoRank_io on X, the world’s leading cryptocurrency has seen its volatility steadily decline in tandem with the growth of its market capitalization. This trend suggests that Bitcoin is maturing from a speculative, high-risk asset into a more stable, long-term investment vehicle. Such a shift toward stability could significantly impact how Bitcoin evolves in the years ahead, rather than the explosive, parabolic rallies and brutal corrections that have historically defined BTC’s price action. The lower volatility suggests that the next phase of growth may come in the form of steadier and more sustainable increases with shallower pullbacks. This is a crucial development for institutional investors and major funds. Traditional finance prefers assets with predictable risk profiles, and Bitcoin’s reduced volatility makes it far more attractive for large-scale allocation. BTC’s market structure signals bearish sentiment despite rising open interest. According to Luca, the Bitcoin market is showing signs of tension. Since BTC topped out in mid-August, a clear divergence has emerged between Open Interest and Funding Rates. While Open Interest has been steadily climbing, indicating that more positions are being opened, Funding Rates have been trending lower. This setup suggests that bears are doubling down and loading up on short positions in anticipation of further downside. Traders seem to be betting that the latest move lower is just the beginning, especially as BTC heads into September, which is a historically weak month for Bitcoin. Luca noted that this aligns with his previous observations, suggesting that the market may continue to favor bearish positioning in the near term. Sideways Movement Highlights Bitcoin Stability Daan Crypto Trades also revealed that Bitcoin has largely been consolidating over the past few months, showing sideways price action compared to the Standard & Poor 500 (S&P 500). BTC is only up around 10% vs the 2021 all-time high in relation to stocks in 2021. The trend highlights that the cryptocurrency has yet to replicate the dramatic gains seen in previous cycles. Daan points out that the S&P 500’s performance during this period has been significantly boosted by the surge in AI-related developments, which accelerated equity market gains.

The crypto market is paying close attention after one of the most famous early Bitcoin voices shared a bold view on XRP. Davinci Jeremie, who gained notoriety for advising people to buy Bitcoin at just $1 back in 2013, has now issued a strong forecast for XRP, noting that the token’s chart displays a healthy structure and a bullish pattern. Davinci Jeremie Maps XRP Price Path To $4.93 With Fibonacci Levels In his detailed breakdown, Jeremie focused on XRP’s recent movements and the structure forming on its chart. He pointed to a clear W-shaped pattern as a bullish signal. According to him, the market action that pushed XRP higher in recent weeks appeared to be organic, with genuine investor activity providing support rather than artificial manipulation. Jeremie explained that he used the Fibonacci extension levels to calculate possible price targets for XRP. He said the 1.618 level comes in at 4,555 Chilean pesos, but he believes the token could go slightly higher. His projection puts the token at 4,761 pesos, which converts to about $4.93. If this outlook materializes, XRP would not only maintain its current momentum but also surpass its previous all-time high of $3.65, which it met in July of this year. According to the analyst, XRP’s earlier moves in late 2024 appeared forced, with extreme jumps that raised doubts, but this newest action looks more natural and could carry further implications. He emphasized that the chart math and price behavior support the path to further bullish growth, while the token’s structure itself demonstrates clear strength. Bitcoin Maximalist Turns Bullish On XRP’s Market Structure What makes this analysis stand out even more is who it is coming from. Davinci Jeremie has long been regarded as a strong supporter of Bitcoin, often described as a Bitcoin maximalist. His early call for people to buy BTC when the price was at only $1 has given him lasting credibility in the cryptocurrency space. For that reason, his positive comments on XRP are being taken very seriously by many in the market. Jeremie emphasized that XRP’s moves from January to June formed a clean W formation on the weekly chart. He explained how the token reached a high of $ 3.40 in January, dropped to around $2.11 in April, rebounded to $2.60 in May, declined to near $2 in June, and then rallied strongly to surpass its January high. That sequence, he said, completed the pattern and opened the door for more gains. His change of tone shows that a strong market structure can override token bias. Even for someone who has close ties to Bitcoin, the health of XRP’s current chart was enough to spark a bullish outlook. Jeremie’s analysis suggests that more investors may start looking at XRP differently, seeing it as an asset with room to grow beyond old expectations.

Oil is starting to push higher in a strong move as we speak. After a seven-day consolidation between $63 and $64, prospects for better war outlooks and lower supply helped Oil prices rise from their lows. A few days of rise tested the lower bound of the previous month's range ($65 to $70.5) as Markets sought more information on the Ukraine-Russia conflict. Despite the previous weeks of geopolitical meetings between the US, Ukrainian, Russian, and EU Presidents, talks have been in limbo, and the lack of progress, combined with repeated assaults by Russia on Kiev, is not helping the situation. The German Chancellor Merz just announced that there would be no Zelenskyy-Putin talks, not a big surprise when looking at the lack of headlines going towards that direction. That comes despite US's Kellogg trying to make things sound better than they really are. Discover technical levels for WTI trading as price are shooting higher. US Oil Daily Chart US Oil Daily Chart, August 28, 2025 – Source: TradingView The most recent lows in the commodity allowed the formation of an intermediate downward channel, with prices starting to shoot since the last technical rebound. Some accumulation had led to a breakout which stopped at $65.77 highs on Monday, but the fundamentals not progressing have led to the ongoing rally. Sanctions on India have been re-iterated by US President Trump and it seems that economically pressuring Russia into a ceasefire will be one of the only ways to reach some type of truce. The President was saying nice words too early, with the mess-around talks of Putin coming to watch football at the World Cup. As I am writing this, Bulls are pushing within the $65 Zone. US Oil 4H Chart US Oil 4H Chart, August 28, 2025 – Source: TradingView Bullish momentum is building in the ongoing bullish candle – the latest headlines seem to attract buyers. Look at a break above the 200-period 4H MA, a break above should attract even more buying. Level to place on your WTI Charts: Resistance Levels $65 Pivot Zone (getting tested right now)Monday highs and 200 4H-MA 65.70$66 to $67 Mid-range levelhigh range resistance $67.30 to $68 – Confluence with 50 and 200 Day MAsSupport Levels $62.00 to $62.50 consolidation supportWednesday lows $62.19 (current double bottom)$60.5 Low of May Range$55 to $57 2025 lows Main supportUS Oil 1H Chart US Oil 1H Chart, August 28, 2025 – Source: TradingView The current move is strong, watch for potential continuation if the move keeps on going. It seems that some decent short-selling has been accumulated in the past weeks, and a short-squeeze could come into play – keep an eye on the 4H 200-period MA mentioned above. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Starting with a UK national holiday, coupled with a noticeably sparse UK economic calendar, the current trading week has been somewhat uneventful for cable traders. Having only recently secured its best six-monthly performance since 2020, riding a wave of dollar downside, GBP/USD currently floats above the key level of 1.35000 and looks for daily support. GBP/USD: Key takeaways from today’s session Happening some hours ago, a better-than-expected US GDP result introduced some immediate GBP/USD selling pressure as the dollar strengthened Otherwise, and following recent revelations surrounding the Bank of England and Federal Reserve monetary policy, cable downside remains somewhat limited GBP/USD: Shifting Bank of England narrative offers cable support In a few words, markets are currently readjusting expectations of further GBP rate cuts, with the latest reduction to 4% signifying the fifth rate cut made by the BoE in 2025. This change in narrative is at least in part thanks to a series of hawkish economic data points, most significantly a major outperformance in services PMI and hotter-than-expected inflation as part of data released last week. Read more on UK PMIs: UK Services PMI improves, pound continues losing streak This, especially regarding the latter, might offer the Bank of England an opportunity to pause, or even end easing efforts, should they deem appropriate in their upcoming September decision. While the recent vote ultimately concluded with a rate reduction, the room was noticeably split, again adding to the rationale that the Bank of England is becoming increasingly hawkish, having already cut several times in 2025. At least one outcome of the above is immediate support for GBP/USD, which goes double when markets overwhelmingly predict a 25 basis point cut will be the Federal Reserve’s next move on September 17th. GBP/USD: UK-US yield spread case-in-point for monetary policy expectation While expectations that the Bank of England is changing its stance on monetary policy remain ever-intangible in the market aether, comparing the current direction of UK-US yield spreads offers more concrete evidence of a shifting narrative. US 2-Year bond yield (US02Y), TVC, TradingView, 28/08/2025 Best explained by recent price action in 2Y treasuries, Monday saw UK 2Y sovereign bond yields meet their highest level since April, while its US counterpart has fallen to 3-month lows. GBP/USD: US PCE inflation to offer finale to week 35 While this week’s trading has been nothing to write home about regarding UK economic events, the same cannot be said for the United States, set to end the week with the infamous PCE inflation report. Revered as the Fed’s ‘preferred’ measure of inflation, the Federal Reserve will hope to see inflation at, or lower than, consensus, especially considering expectations of a 25 bps in the upcoming decision. Core PCE Expenditures Index (MoM), Friday 28th September 2025, 08:30 NYCCore PCE Expenditures Index (YoY), Friday 28th September 2025, 08:30 NYCPCE Expenditures Index (YoY), Friday 28th September 2025, 08:30 NYCPCE Expenditures Index (YoY), Friday 28th September 2025, 08:30 NYC GBP/USD, OANDA, TradingView, 28/08/2025 Read the latest coverage from MarketPulse: US Oil (WTI) breaks $65, Russia–Ukraine talks regress Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Crypto analyst Egrag Crypto has raised the possibility of the XRP price rallying to $200. This followed his analysis using the regression model, which showed that the altcoin could record a 5,600% rally to this price target. How The XRP Price Could Rally 5,600% To $200 In an X post, Egrag Crypto predicted that the XRP price could rally to $200 if it were to overshoot the linear regression line. He alluded to the monthly timeframe, which reflected the analysis of hits, misses, and overshoots using linear regression on a log scale. The analyst then noted that the analysis is grounded in a 2-standard deviation model. Egrag Crypto further highlighted the R-squared value in the regression model. He explained that this is a critical metric in indicating how well the regression line fits the data, with values closer to 1 representing a better fit. Essentially, 0.0 means no correlation, 0.5 indicates a moderate correlation, and 1 indicates a perfect correlation. The crypto analyst then revealed that the current R-squared is at 0.84754, indicating a highly fitting model. He further remarked that this means around 84.75% of the variance in the dependent variable can be explained by the independent variable. In applying this theory to XRP price prediction, Egrag Crypto stated that the altcoin has reached the upper edge of the regression line three times. Notably, the XRP price recorded a notable overshoot on one occasion, when it surged by 570%. Meanwhile, in the 2021 cycle, it missed the target by 45%. Egrag Crypto stated that the altcoin is currently hovering around the midpoint of the regression. Based on his analysis, a hit of this regression line would put XRP at $27, while a miss of 45%, as seen in the 2021 cycle, would put the altcoin at $18. The overshoot of 570% is what could cause XRP to skyrocket to $200. Egrag Crypto noted that these targets will likely increase as the regression model is trending upward. What’s Next For The Altcoin Crypto analyst CasiTrades has provided insights into what to expect from the XRP price amid the latest decline. In an X post, she noted that the altcoin has printed a new low and remains within its larger consolidation pattern, even as it recently tested the key trendline around $2.91. The analyst also revealed that the area is the golden retrace, which is where Wave 2s love to correct before continuing higher. As such, if this level holds, CasiTrades believes that the XRP price could be setting up a textbook Elliot Wave continuation for Wave 3. She stated that the next confirmation point is $3.12. The analyst explained that this is the resistance level that is capping a higher move. Therefore, a break above that level would mean that the higher Fibonacci extensions are aligning nicely. At the time of writing, the XRP Price is trading at around $3, down in the last 24 hours, according to data from CoinMarketCap.

Trinity Metals has signed a commercial agreement with Global Tungsten and Powders (GTP), part of the Plansee Group, and its offtake partner Traxys to deliver tungsten concentrate from the Nyakabingo Mine in Rwanda to the United States. GTP, based in Towanda, Pennsylvania, is the largest tungsten processor in the US and produces powders and components for aerospace, defense, and industrial applications. The US has not mined tungsten domestically since 2015, while China accounts for about 83% of global supply. Tungsten is listed by the US government as a critical mineral needed to support the economy and protect national security. Trinity chairman Shawn McCormick said the agreement marks the first reliable supply of high-grade tungsten from Rwanda to the US. Eric Rowe, Plansee’s director of global raw materials, said the deal strengthens American supply chains with responsibly produced material. Commodity trader Traxys will handle deliveries, with CEO Mark Kristoff noting the long-term partnership among the companies. Trinity, formed in 2022, operates the Nyakabingo tungsten mine as well as the Rutongo and Musha tin mines in Rwanda.

Bitcoin dominance is at a pivotal moment, testing key support levels that could determine market direction. A bounce from these zones may signal temporary stability, while a breakdown could trigger deeper declines and shift attention toward altcoins. Market Structure Signals Growing Vulnerability According to @Crypto_TheBoss in a recent market update, Bitcoin dominance has slipped below the 60% support level, signaling a notable change in market dynamics. This breakdown points to a weakening grip for Bitcoin as capital flows begin to diversify into other areas of the crypto market. Moves like this often act as early signals of potential altcoin strength, as traders look beyond Bitcoin for opportunities. The analyst noted that Bitcoin dominance has bounced from the 58% area, showing that some buying pressure emerged to defend the level. This bounce highlights temporary stability, but it does not yet confirm a recovery. Instead, it reflects a cautious response from the market, where buyers are attempting to prevent further declines while broader sentiment remains uncertain. Looking ahead, @Crypto_TheBoss explained that if the 58% level fails to hold, Fibonacci retracement zones could act as key areas of support. Losing this support would deepen the bearish outlook and likely accelerate capital rotation into altcoins, shifting momentum away from Bitcoin’s leadership in the market. Positive And Negative Technical Signals @Crypto_TheBoss went on to highlight that the bounce from support shows buyers stepped in and temporarily halted the downside pressure. This kind of reaction often reflects how market participants are still willing to defend critical levels, even when sentiment leans toward caution. By holding above support, Bitcoin dominance was able to avoid a deeper immediate drop, though uncertainty still lingers. The analyst further emphasized that Fibonacci levels are widely used in technical analysis as reliable support and resistance zones. For Bitcoin dominance, the Fibonacci structure provides a technical roadmap, guiding market participants on where the price may either stall, reverse, or accelerate if another leg lower unfolds. In a negative scenario, @Crypto_TheBoss cautioned that losing the 58% support could trigger stronger selling pressure, pushing dominance further down. A breakdown below this level would not only signal structural weakness but also reinforce the narrative of Bitcoin losing its edge in market control. Such a scenario is often interpreted as a sign of capital rotation into altcoins. As Bitcoin dominance decreases, investor attention tends to shift toward alternative cryptocurrencies, sparking renewed activity and potentially driving sharp moves in the altcoin sector. This rotation could set the stage for fresh momentum in altcoins, particularly if Bitcoin struggles to quickly reclaim its lost ground.

India’s pension regulator may look to relax its investment restrictions after calls by fund managers to boost their gold holdings in their portfolio, Bloomberg News has reported. According to sources cited by Bloomberg, retirement fund managers held a series of meetings with senior officials from the Pension Fund Regulatory and Development Authority last month, requesting permission in invest in gold exchange-traded funds (ETFs). In addition, they also asked for relaxed rules around real estate investment trusts and infrastructure trusts. The sources followed up by saying that the regulator is now considering the proposal, and has even sent draft documents on gold investments to the funds for feedback. The request follows repeated calls in recent months by India’s pension industry seeking more flexibility in their investments. Under current regulations, gold, real estate and infrastructure funds are all treated as alternative assets in India, meaning they can only represent 5% of the country’s total investments in pension funds. While the pension regulator is yet to agree to the proposed changes, the intention by fund managers to include gold ETFs is clear — as one of the best performing assets this year, gold would undoubtedly contribute to the funds’ goal of growing the retirement savings pool rapidly. Bloomberg estimates that assets held in India’s pension funds have more than tripled since the pandemic, driven by economic growth and the country’s rising participation in the financial system. The fund managers collectively manage about 15.5 trillion rupees ($177 billion), according to the report. An easing of the 5% limit on gold ETFs would further boost the funds’ growth. Some of India’s largest gold ETFs have logged price increases of close to 30% so far in 2025, according to data compiled by Bloomberg.

Bitcoin is currently consolidating within a narrow range, trading below the $115,000 level while holding key support above $110,000. This consolidation reflects the ongoing tug-of-war between bulls and bears, as volatility continues to push the market in both directions. Despite the temporary stability, recent price action shows that selling pressure has gained a slight edge, leaving traders cautious about the next major move. Top analyst Darkfost has highlighted an important on-chain development that adds context to this phase. According to his data, the percentage of Bitcoin supply in profit has now reached a historically critical threshold. This metric, which tracks how much of the circulating supply is currently above its cost basis, has long been a key guidepost for identifying major phases of the cycle. While a large share of supply in profit is not inherently bearish, history shows that such levels often coincide with pivotal turning points in Bitcoin’s market structure. With BTC consolidating in this crucial zone and profit supply peaking, the market stands at a delicate moment. Whether Bitcoin can reclaim momentum above $115K or faces a deeper correction may depend on how investors react to this latest signal. Bitcoin Supply In Profit Reaches Critical Cycle Zone According to top analyst Darkfost, the current level of Bitcoin supply in profit carries far more nuance than many assume. While some investors interpret a large share of coins in profit as a bearish warning, Darkfost emphasizes that it is, in fact, a necessary component of Bitcoin’s cyclical behavior. Contrary to what many might think, he explains, “a high percentage of supply in profit is what fuels the euphoric waves that drive the market forward.” Looking at history, the long-term average of supply in profit sits at roughly 75%, defined by a bell curve of Bitcoin’s performance since inception. In other words, across cycles, three-quarters of supply tends to sit in profit at any given time. When this ratio climbs above 90%, it usually signals a period of strong bullish momentum — the kind often seen in major bull markets. Such elevated levels create the psychological backdrop for rallies to extend, as confidence builds and capital flows into the market. However, Darkfost also warns that this metric can signal turning points. Once the percentage of supply in profit drops back below 90%, the market often transitions into corrective phases. These can be short-lived pullbacks or prolonged downturns, but historically, the break beneath that line has marked the shift away from euphoria. Bitcoin’s position near this threshold highlights the stakes. If supply in profit remains elevated, the market could continue its upward march. If not, the risk of a deeper correction grows, reinforcing the importance of this metric as a cycle-defining indicator. Bulls Struggle To Regain Momentum After Pullback Bitcoin is trading near $112,900 after a rebound from lows around $110,800, yet the chart shows that momentum remains fragile. Following the rejection at $123,000 earlier this month, BTC entered a corrective phase, slipping below both the 50-day and 100-day moving averages, which now act as resistance near $115,700–$116,600. This area stands out as the immediate barrier for bulls to reclaim if they want to shift the trend back in their favor. The 200-day moving average at $111,600 is currently providing a layer of support, helping BTC stabilize after recent volatility. Holding this zone will be crucial in preventing a deeper retrace toward the $108,000 region. If buyers can defend this level while building momentum, the market could stage a relief rally back toward the mid-$115K range. However, failure to reclaim the moving averages would leave BTC vulnerable to extended downside pressure. The inability to hold above $115K has already signaled fading strength, and without a decisive breakout, sellers could regain control. For now, Bitcoin sits in a consolidation phase, caught between critical support and resistance, with the next move likely to determine whether the market stabilizes or slides further. Featured image from Dall-E, chart from TradingView

Is Platinum More Expensive Than Gold? If you are asking, “Is platinum more expensive than gold?” you are really asking how two very different markets set value. Prices move every day, but the drivers are consistent: gold trades like a global monetary hedge, while platinum trades like a specialized industrial metal. Understanding those roles—plus supply risks, liquidity, and premiums—helps you make steady, confident decisions instead of reacting to headlines. Is Platinum More Expensive Than Gold? The Price Drivers Gold typically commands a higher price because it functions as a store of value across borders and generations. Central banks hold it. Investors use it to hedge inflation, currency risk, and political turmoil. That relentless “monetary bid” supports gold’s price through booms and busts. Platinum’s price, by contrast, depends mainly on industry. It is used in catalytic converters, chemical processing, glass manufacturing, and emerging energy technologies. When factories slow or auto sales soften, platinum demand cools and prices can lag gold—even though platinum is scarce in the earth’s crust. Supply concentration adds another twist, with a large share mined in South Africa and Russia, making the market sensitive to power issues, labor strikes, or logistics disruptions. Gold reacts to fear, policy, real interest rates, and currency moves. Platinum reacts to manufacturing cycles, auto production, energy tech, and supply hiccups. History in Brief: When Platinum Led and When Gold Took Over There have been periods—particularly in the early to mid-2000s—when platinum traded at a premium to gold. Strong auto demand and tight supply chains pushed platinum higher. The 2008 financial crisis flipped the script: safe-haven demand drove gold upward while industrial demand for platinum weakened. Since then, gold has often held the lead as central banks accumulated reserves and investors continued to hedge macro risks. The lesson is not that one metal “wins” forever. Leadership shifts with the story. If industries ramp up and clean-energy technologies scale, platinum can regain momentum. If inflation, policy errors, or currency worries intensify, gold typically benefits first. Use Cases: Jewelry, Industry, and Investment Demand Gold’s Three-Legged Stool Gold demand rests on three sturdy legs: money, jewelry, and investment. Brides in India, central bankers in Europe, and retirees in America all understand gold’s role. It is easy to price, easy to sell, and recognized almost everywhere. That broad base keeps demand resilient through changing cycles. Platinum’s Industrial Backbone Platinum shines in jewelry for its durability and naturally white luster, but its backbone is industrial demand—especially emissions control, petrochemicals, and specialized manufacturing. These uses are vital yet cyclical. Demand surges when production ramps, and it softens when order books shrink. New technologies—fuel cells, green hydrogen, and catalyst innovations—can spark the next leg of platinum demand. Volatility, Liquidity, and Market Depth Gold is the heavyweight of precious-metals trading. It enjoys deep, global liquidity, typically tighter bid-ask spreads, and faster execution. In stressful markets, you usually find a ready bid, which can make price moves more orderly. Platinum’s market is thinner. That can mean wider spreads and bigger moves—exciting for active traders, but less comfortable for buy-and-hold investors who value quiet nights. The takeaway is simple: know your temperament. If you prefer calmer execution and faster resale, gold’s market structure may suit you better. If you are comfortable with more volatility in exchange for potential upside when industry revs, platinum earns a look. Supply Stories: Mines, Recycling, and Risk Gold supply is geographically diverse. Mines operate across many countries, and recycling (especially from jewelry) flexes higher when prices rise. Central bank buying adds another layer of demand that can support prices during uncertainty. Platinum supply is more concentrated, with South Africa as the primary source and Russia as a key contributor. Power constraints, labor disputes, and infrastructure shocks can quickly tighten supply. Recycling from catalytic converters also matters and can swing with scrap flows and theft-prevention regulations. Concentrated supply plus cyclical demand makes platinum more sensitive to shocks—both bullish and bearish. Gold: broad mine base + steady recycling + official-sector demand. Platinum: concentrated mines + catalytic-converter recycling + higher sensitivity to industry. Macro Forces: Interest Rates, Currencies, and Growth Real Rates and the Dollar Gold’s relationship with real (inflation-adjusted) interest rates is pivotal. Rising real rates can pressure gold as the opportunity cost of holding a non-yielding asset increases. A strong US dollar also tends to weigh on gold in the short run. Conversely, falling real rates and a weaker dollar often support gold prices. Global Growth and Energy Trends Platinum responds more directly to global manufacturing and energy policy. Stronger auto builds, broader industrial expansion, and growth in fuel-cell and hydrogen projects can lift platinum. Unexpected slowdowns, efficiency gains that reduce catalyst loadings, or substitution toward other metals can cap rallies. Bull and Bear Cases You Should Know Gold: Bull Case Persistent policy uncertainty, geopolitical risk, and central bank buying. Sticky inflation or declining real rates boosting the appeal of non-yielding assets. Portfolio diversification and a long history as a crisis hedge. Gold: Bear Case Disinflation with high real rates, increasing the cost of holding gold. Resurgent risk appetite and strong equity markets diverting flows. Periods of calm that reduce the perceived need for hedges. Platinum: Bull Case Reaccelerating manufacturing and auto production, including hybrid fleets. Fuel-cell and green-hydrogen growth increasing platinum catalyst demand. Supply constraints or disruptions in key producing regions. Substitution from palladium back to platinum in autocatalysts. Platinum: Bear Case Global slowdowns that reduce industrial orders and cap catalyst demand. Efficiency gains and technology shifts that require less PGM loading. Robust recycling flows that add secondary supply during rallies. Practical Buying Notes: Coins, Bars, Premiums, and Storage For most investors, execution details matter as much as the headline price. Both gold and platinum are available as coins and bars, and both trade at a premium above spot to reflect minting costs, logistics, and dealer overhead. Because gold’s market is deeper, its premiums and bid-ask spreads are often tighter. Platinum products can carry wider spreads due to thinner liquidity. Confirm purity and recognized products: many modern gold coins are .9999, while platinum coins are commonly .9995. Check dealer buyback terms in writing and compare bid-ask spreads before you buy. Favor widely recognized one-ounce coins for easier resale; obscure sizes may be slower to liquidate. Decide on storage in advance—home safe, bank box, or professional vault—and insure appropriately. Understand local tax rules and any reporting obligations; stay compliant. If you are new to precious metals, start with small, well-known products from reputable dealers, verify shipping and insurance, and add gradually. The goal is to remove surprises and keep your process boring—boring is good for wealth preservation. How to Read Headlines Without Getting Spun Bold calls appear every week: “Platinum to moon!” or “Gold to crash!” Before reacting, run a simple test: What is the demand driver—monetary fear (gold) or industrial acceleration (platinum)? Is the claim supported by broad, credible data or just anecdotes? How would supply respond if the story proves true—does recycling ramp, do mines increase output? When platinum trades below gold, it does not mean platinum “failed.” It usually means the monetary bid for gold is strong, the industrial bid for platinum is soft, or both. When cycles turn, relationships can flip. Your edge is discipline—understand the mechanism, then act methodically. Quick FAQ: Platinum vs Gold Why does gold often cost more than platinum? Gold carries a global monetary premium. Central banks own it, investors hedge with it, and it is highly liquid, which keeps demand broad and persistent. Can platinum trade above gold again? Yes. If industrial demand tightens supply—especially in autos, catalysts, and hydrogen—platinum can outrun gold for stretches. Market leadership follows the economic story. Which is better for long-term stability? No metal is a guarantee, but gold’s deep liquidity and broad demand base often make it steadier. Platinum may offer more cyclic upside when industry booms. How should a conservative buyer start? Consider recognized, liquid products; compare spreads; confirm buyback terms; and choose secure storage. Adding gradually helps you learn the market without pressure. The Straight Answer: What to Remember So, is platinum more expensive than gold? Sometimes—but in recent years gold has frequently led because its role as a monetary safe haven keeps demand wide and constant, while platinum’s price tends to track the health of industry. If factories roar and clean-energy tech accelerates, platinum can catch a bid. If policy risks rise and currencies wobble, gold typically takes the crown. Keep it simple: know the drivers, respect liquidity and spreads, and buy products you can easily sell. You are not choosing a “winner” for all time; you are choosing tools for different jobs. Use gold when you want global, time-tested stability. Use platinum when you want targeted exposure to industrial cycles and emerging energy trends. With that framework, you can navigate precious-metals headlines with a steady hand and make decisions that fit your plan—not the news cycle. The post Is platinum more expensive than gold? first appeared on American Bullion.

Alaska aims to move priority mining and oil-and-gas proposals faster through permitting after signing a new agreement with federal regulators. The FAST-41 cooperation with Alaska, the first state to do so, could shave a quarter of environmental permitting time, down to 2.7 years from 3.6 years as the process coordinates schedules and seeks early conflict resolution, greater predictability and transparency to federal reviews of major projects. The memorandum of understanding (MoU) with the United States Permitting Improvement Steering Council gives the state “a seat at the table,” Governor Mike Dunleavy said during a Wednesday news conference in Anchorage.. “This MoU is the beginning of something the whole country could use,” Dunleavy said. “Ask us in a few months where it’s at. It’s not just for show.” Graphite One’s (TSXV: GPH) open pit, Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) Red Dog zinc mine expansion, and Hecla Mining’s (NYSE: HL) Greens Creek silver–gold–zinc mine near Juneau are projects that are due to benefit from the new arrangement, according to Emily Domenech, executive director of the Permitting Council. “We’re signing a first-of-its-kind MOU so we can partner from the ground up on federal projects,” she said during the briefing. “We want to triple the number of Alaska projects on our dashboard by identifying them early – with an emphasis on mining.” ‘Maintains standards’ FAST‑41 doesn’t change substantive environmental standards, officials said. The MoU connects Alaska’s Office of Project Management and Permitting with the Permitting Council. It shares public timelines for federal environmental reviews. It is also to hold agencies accountable for any schedule changes. The Council can also post so‑called “transparency projects” that aren’t formally covered by FAST‑41 but still receive public, trackable schedules. For miners, that means clearer timelines and earlier federal–state coordination on scoping, consultation and key authorizations. In the queue Federal authorizations for the Teck’s Aqqaluk Pit expansion are done. So, Red Dog-related work will move ahead first among the mining projects on the Dashboard. Graphite One’s project north of Nome, with an on‑site concentrator, could be through the process by late next year, according to the the FAST‑process coordinating federal environmental review and permitting. A construction decision is to follow. Alaska LNG, the state‑backed gas export project, has an updated FAST‑41 timetable posted this year following the project’s re‑initiation of federal reviews. Also on the short list or dashboard is the NANA Regional Broadband Network project to build a 1,167-km fibre route serving Alaska Native villages in the (where is that?) region. While not a mine, its inclusion shows how the state–federal process applies across sectors. What’s next The state and council teams are to identify more Alaska projects for FAST‑41 coverage. They will also post coordinated timetables on the dashboard. For the mining sector, that likely means more attention on critical‑minerals files where early federal–state alignment can reduce re‑work and slippage later in the process. “You know how you bind a giant – one little thread at a time,” Alaska House Representative Nick Begich said on the call. “When the federal government comes to the table asking, ‘How do we get to yes?’ – that’s huge for Alaska.”

The Sprott Physical Uranium Trust’s (TSX: U.U for USD; U.UN for CAD) holdings now total about 68.6 million lb. of uranium after it bought 50,000 lb. of the energy metal this week in another bet on the resurgence of nuclear energy. That buy brings its total third quarter purchases to 1.2 million lb. of uranium oxide (U3O8), its highest level since last year’s second quarter, BMO Capital Markets analysts Helen Amos and George Heppel said in a note on Thursday. Its holdings amount to a market value of about $5.12 billion, according to Sprott. The increasing holdings of the Toronto-based trust come as the spot uranium price continues to rise, gaining about 18% to $74.70 per lb. U3O8 from its slump of $63.45 per lb. U3O8 in March. With uranium demand poised to rise, driven by reactor life extensions, new builds, and energy-hungry data centres, Sprott’s move underscores uranium’s growing role in the clean energy transition. Political instability in Niger threatens volumes from Orano’s SOMAIR mine while long lead times to bring new mines online mean uranium supply is seen as tightening in the longer term. $200M June buy And in June, the Physical Uranium Trust’s partner company Sprott Asset Management said it planned to buy $200.1 million worth of physical uranium for its dedicated fund. Canaccord Genuity would acquire 11.6 million units of the Sprott Physical Uranium Trust at a price of $17.25 per unit. The offering was expected to close around June 20. The spot price increase has meanwhile, helped miners maintain steady output, with the world’s top producer Kazatomprom (LSE: KAP) posting a 13% year-on-year rise in production in Kazakhstan for the first half of 2025 to 12,242 tonnes, it said on Aug. 1. Canadian uranium major Cameco (TSX: CCO; NYSE: CCJ) expects to produce 18 million lb. U3O8 this year from its mines in Saskatchewan, even though year-on-year output was down 28% in the first half, it said in its second quarter results in July. Demand spurs production These production trends occur as demand for nuclear energy continues to rise as tech companies prepare to build more power-hungry data centres for AI applications. The United States government is also working to accelerate nuclear’s rise through various supports and fast-tracking uranium projects in the country’s Southwest. Worldwide demand for uranium is projected to triple by 2040, showing the urgent need to develop mines. Uranium demand already outstrips production by 50 million to 60 million lb. a year, according to World Nuclear Association data. Sprott Uranium Trust shares were down 0.2% to $17.43 apiece on Thursday morning, for a market capitalization of $6.72 billion. The stock has traded in a 12-month range of $12.55 to $20.51.

US Indices are rising but in an unassertive fashion, and the same has happened throughout the whole week. The dovish interpretation from last Friday's Powell speech definitely helped to sustain bullish momentum, with the S&P 500 timidly breaking new highs in yesterday's session and the Dow Jones breaking through its previous record (Current all-time highs at 45,757). However, it seems that Markets are awaiting for the most influential piece of data, releasing on the 5th of September – The infamous Non-Farm Payrolls report. This week's undecisive trading is typical of a last week of August due to many participants being off their screens and not much key data to keep the key players from doing so. Yesterday post-close Nvidia release sent mixed signs, but it seems that technicals still corroborate potential upside – you can check our latest analysis on the stock right here. NVDA is still down around 0.90% on the session, with what seems to be profit-taking flows – Some dip-buying is currently ongoing Some key technical patterns are still coming into play, which should influence trading ahead of tomorrow's Core PCE release. Read More: USDCAD falls despite a US GDP data beat – Technical OutlookA broad look on US Equities US Equities Heatmap, August 28, 2025 – Source: Finviz US Indices technical analysis – Dow Jones, S&P 500 and Nasdaq 4H chartsDow Jones- Double top coming in play? Dow Jones 4H Chart, August 28, 2025 – Source: TradingView Our previous analysis of US Indices had mentioned a break-retest technical pattern which tends to bring continued upside and more sustainability to trends. However, the landmark Dow is down about 0.20% in today's session after marking an intermediate double top. Inflows are going towards other sectors, but the picture is very mixed, leaving the most-logical reason behind the selling being normal profit-taking – The price action is still holding an upward channel, with the previous selling happening at its upper bound. Indeed, a lack of activity may prevent pushing for further highs, particularly ahead of next week's NFP release – Watch for reactions at the 4H 50-period MA at 45,170 Levels of interest for Dow Jones Trading: Resistance Levels Current All-time high 45,757ATH Resistance Zone 45,700 (+/- 150 pts)1.618 Fibonacci-Extension for potential ATH resistance 46,260Support Levels Previous ATH resistance zone, now pivot 45,000 (+/- 150 points)4H 50-period MA 45,17544,400 to 44,500 Main SupportS&P 500 – new all-time highs, but lacking conviction S&P 500 4H Chart, August 28, 2025 – Source: TradingView New all-time highs just got reached for the S&P 500, with the record standing at 6,496 (CFD, actual index ATH at 6,495) However, the past week of price action is full of wicks, pointing to some lack of conviction around the highs. Nonetheless, the Index is holding very close to its highs, therefore price action is still far from bearish. The S&P 500 is still out of its higher timeframe upward channel, but bears are still inactive for now, leaving the current trend into play. Price action may stay undecisive until next week! Levels of interest for S&P 500 Trading: Resistance Levels session highs 6,496 All-time highsAll-time high resistance zone 6,470 to 6,5006,520 to 6,530 Potential ATH resistance (from Fibonacci extension)Support Levels End-July Top now Pivot 6,420 to 6,4306,400 psychological Supportpre-Powell mini support 6,3506,210 to 6,235 Main Support (NFP Lows)Nasdaq – bringing back some bullish flows Nasdaq 4H Chart, August 28, 2025 – Source: TradingView After unconvincing price action throughout the whole week, Nvidia earnings seem to have brough some buying flows to the Tech-focused index. Look at reactions as the current buying is stepping into the pre-NFP highs resistance zone, levels just below. Levels to watch for Nasdaq trading: Resistance Levels Current All-time Highs 23,98623,500 Support turned resistance23,732 NFP highs acting as immediate resistanceSupport Levels Weekly lows 23,30023,000 Key Support22,700 support at NFP lowsEarly 2025 ATH at 22,229 Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Chainlink (LINK) has experienced a significant surge, climbing back above the $25 mark on Thursday, thanks to a new partnership with the US Department of Commerce. This collaboration has propelled the LINK price to a notable 6% gain, allowing it to outperform the largest cryptocurrencies in the market. Chainlink Unveils Data Feeds For Key US Economic Metrics The decentralized oracle network announced its initiative to bring critical US government macroeconomic data on-chain, sourcing information from the Bureau of Economic Analysis (BEA). The new Chainlink Data Feeds will deliver essential economic indicators, such as Real Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers. This data will be updated on a monthly or quarterly basis and is initially accessible across ten blockchain networks, including Arbitrum (ARB), Avalanche (AVAX), Ethereum (ETH), and Optimism (OP), with support for additional chains expected as demand grows. During the announcement, Chainlink also revealed its proactive engagement with US government officials and regulators, including meetings with the US Securities and Exchange Commission (SEC). Will LINK Price Rally Push It Past $30? The implications of this partnership are substantial, potentially enhancing the visibility and adoption of Chainlink and increasing demand for its services. This development comes on the heels of an impressive year for LINK, which has recorded a 120% increase in value year-to-date. Looking ahead, LINK is positioning itself for a potential move toward the $30 mark. However, it faces a crucial resistance level at $27, which has proven to be a significant barrier over the past eight months. The token has struggled to surpass this threshold since December of last year. Should LINK break through this resistance in the near future, the next target would be set at $30.80, where the next resistance level is expected to act. Interestingly, prediction market Kalshi anticipates that the LINK price could reach a yearly high of $40, fueled by the ongoing developments surrounding the Chainlink network, which have consistently bolstered bullish sentiment among investors. With the LINK price trading at $25.68, the cryptocurrency still trades 51% below its all-time high record of $52.70. Featured image from DALL-E, chart from TradingView.com

American Lithium (TSXV: LI) surged by nearly 20% on Thursday after winning a legal battle in Peru that maintained its ownership of 32 uranium concessions that have been in dispute for years. A Peruvian judiciary court announced earlier that the petitions filed by the Ministry of Energy and Mines in December 2023 challenging the disputed concessions had been unanimously rejected, confirming their title of ownership to Macusani Yellowcake, the company’s Peruvian subsidiary. According to the ruling, the Supreme Court rejected hearing the petitions filed by Peru’s INGEMMET, its scientific and management agency that is also part of the mining ministry MINEM, on the grounds of being “unfair, inadmissible and unacceptable.” From the outset, the company maintained that there were no grounds for the Supreme Court to assume jurisdiction, a position that was consistently upheld, American Lithium stated in a press release. The decision, which its executive chairman Andrew Bowering calls a “significant development”, ends what it considers to be an “unnecessary legal process” initiated seven years ago by INGEMMET. “It is important to re-emphasize that at no point did the company lose title to the 32 concessions under dispute. We can now focus on advancing these high-quality projects without this uncertainty,” Bowering said in the release. America Lithium rose by double digits on the legal win, up 17.5% to C$0.47 a share by 11 a.m. in Toronto. Earlier, it hit a five-month high of C$0.48 apiece. The company has a market capitalization of C$119 million ($86.5m). Large uranium project The disputed concessions form part of American Lithium’s Macusani project, which the Vancouver-based miner considers to be one of the world’s largest and lowest-cost uranium developments. A preliminary economic assessment outlined a 10-year mine at Macusani producing approximately 70 million lb. of uranium oxide (U₃O₈) from five near-surface deposits. Its post-tax net present value (at 8% discount) is estimated at $603 million, with an internal rate of return of 40.6% and 1.8-year payback. The initial capital cost is $300 million. The PEA is based on a total defined resource of 95.2 million indicated tonnes grading 248 parts per million U₃O₈, containing 51.9 million lb. U₃O₈, and 130 million inferred tonnes grading 251 ppm for 72.1 million lb. U₃O₈. American Lithium acquired Macusani as part of its merger with Plateau Energy Metals in 2021. The latter had been working on the project since 2007 and produced the PEA report in late 2018. Following the merger, the company intended to spin out its uranium assets, but that plan was put on hold due to market conditions.

Ethereum has once again overtaken Bitcoin in the competition for institutional attention, with Spot Ethereum ETFs recording larger inflows than their Bitcoin counterparts in the past few days. This trend might be building up another chapter in the growing debate over whether Ethereum is on track to start outperforming Bitcoin in terms of price action, which might lead to another altcoin season this cycle. Ethereum ETF Inflows Surpass Bitcoin Once Again Data from ETF trackers show that Ethereum funds have been posting stronger inflows than Bitcoin ETFs across several sessions in recent days. According to data from Farside Investors, US-based Spot Ethereum ETFs captured around $307.2 million in net inflows on August 27, bringing the total cummulative netflow to $13.64 billion. The bulk of these inflows came from BlackRock’s iShares Ethereum Trust (ETHA), which attracted $262.6 million on the day, while Fidelity’s FETH added $20.5 million. By contrast, Spot Bitcoin ETFs based in the US managed to attract just $81.4 million in net inflows. The ETF inflows in the past 24 hours are not an isolated occurrence. Ethereum has now outpaced Bitcoin inflows across multiple consecutive trading days to give a glimpse into institutional sentiment toward the second-largest cryptocurrency. For example, August 26 was highlighted by a $455 million inflow into Spot Ethereum ETFs, compared to $88.1 million into Spot Bitcoin ETFs. The previous day (August 25) saw a similar pattern, with $443.9 million directed into Ethereum funds versus $219.1 million into Bitcoin. The surge in Ethereum inflows can be traced back to the middle of July, when Spot Ethereum ETFs first surpassed Bitcoin’s daily inflows. During that period, ETH funds brought in $603 million on July 17, compared with Bitcoin’s $522 million, to establish a precedent that appears to be repeating. Will Ethereum Outperform Bitcoin This Cycle? The recent trend of Ethereum ETFs outperforming their Spot Bitcoin ETFs is sure to resonate well with many Ethereum proponents, who are awaiting a full-blown altcoin season led by the leading altcoin. However, the important question is whether Ethereum’s recent momentum can translate into long-term outperformance of Bitcoin. Related Reading: Machine Learning Algorithm Predicts Ethereum Price Will Cross $9,000, Here’s When Alongside the divergence in ETF flows, the price action of Ethereum and Bitcoin has also highlighted their contrasting trajectories in recent days. Ethereum has been trading with stronger upside pressure and less downside pressure, which allowed it to reach a new all-time high of $4,946 on August 24. At the time of writing, Ethereum is trading at $4,616 after testing an intraday high near $4,658 and a session low of $4,473. Bitcoin, on the other hand, is steady but showing less upward momentum. At the time of writing, Bitcoin is trading at $113,100 after trading between roughly $110,465 and $113,332 on the day, which keeps its price movement tilted more towards the downside.

The euro has posted gains on Thursday. In the North America session, EUR/USD is trading at 1.1670, up 0.27% on the day. US GDP revised upwardsUS GDP (second-estimate) surprised on the upside, with a gain of 3.3%. This was revised higher from 3.0% in the preliminary estimate and was an impressive turnaround from the 0.5% decline in the first quarter. After the release of the first-estimate GDP, President Trump called on Federal Reserve Chair Powell to lower interest rates, and it wouldn't be surprising if Trump again uses the strong GDP report to attack Powell. The US labor market has been softening and the July nonfarm payrolls fell to just 73 thousand. Still, unemployment claims have been steady and today's release showed that claims dropped to 229 thousand, down from a revised 234 thousand last week and just below the market estimate of 230 thousand. German CPI expected to flatline Germany releases CPI report on Friday, with a market estimate of 0% m/m for August. This would mark the second flat reading in three months, an indication that inflation is under control. Annually, CPI is expected to nudge up to 2.1% from 2.0%. Eurozone inflation will be released next week. Headline CPI is currently at 2.0% and core CPI is at 2.3%, with little change expected in the August release. The European Central Bank took a pause in July after seven straight rate cuts. The ECB meets on September 11 and with inflation largely contained and around the ECB's 2% target, the Bank is not feeling pressure to continue lowering rates. EUR/USD Technical EUR/USD has pushed above resistance above 1.1646 and is testing resistance at 1.1667. Above, there is resistance at 1.1690There is support at 1.1623 and 1.1602 EURUSD 4-Hour Chart, August 28, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

GDP data for Q2 just got released – A 3.3% annualized beat vs a 3.1 expectations could have been expected to lead to a USD rally, but the reverse happened instead. The Greenback is currently the second worst performer of all majors, just ahead of the CHF. You can access our latest piece on the data release right here to know more on the details on the report. Tomorrow will also await the GDP data release for Canada which should add to some volatility in the pair. USDCAD is now back into its July range which spanned between 1.3550 to 1.38 – Further correction would be needed to fully confirm the re-entry – Discover which ones in our technical analysis just below. In terms of tariffs, the "duty-free shipping" de minimis exemption of Canadian goods to the US expires on Friday which is creating fears of higher costs for Canadians and Americans. Tariff talks were in a bit of a limbo but with the deadline approaching, Canada PM Mark Carney decided to drop many retaliatory tariffs against the US in an attempt to reduce the uncertainty towards animous relations between the two neighbors. Read More: Markets Today: Markets Digest NVIDIA Earnings, FTSE Eyes Head and Shoulder Breakout. Euro Area Consumer Confidence and US GDP Data AheadNasdaq 100 Technical: Bullish trend intact despite Nvidia -3% (after-hours) sell-offUSDCAD multi-timeframe technical analysisUSDCAD Daily Chart USDCAD Daily Chart, August 28, 2025 – Source: TradingView The pair had been holding just above the 1.38 handle (1.38130) for a few moments but ironically, right after the release of our mid-week NA Markets recap mentioning the support level, US Dollar selling flows broke support. In the meantime, the today's selling is entering the 1.3750 Pivot Zone (+/- 150 pips) and some small mean-reversion is happening right ahead of the 50-Day MA (1.3735). Daily momentum is also breaching the neutral RSI level towards the bearish side, adding to the odds of a full range re-entry of the pair, after prolonged CAD weakness. We will see if tomorrow's Canada GDP data corroborates with the current technicals. USDCAD 4H Chart USDCAD 4H Chart, August 28, 2025 – Source: TradingView After previously holding around the 1.38130 level held buy USDCAD bulls, their Buyers are stepping in after strong selling flows at the pivot zone, therefore the 1.38 resistance zone should come into play soon. The resistance zone may also act in confluence with the middle of the current downward channel – bearish reactions here will be key to re-enter the range. Failure to do so should lead to a retest of the 1.3850 Main resistance zone. Levels to place on your USDCAD charts: Resistance Levels: 1.38 immediate resistance Zone (+/- 150 pips)1.3850 Main resistance1.3925 Aug 22 highs last Friday highsMay Highs 1.40185Support Levels: 4H MA 200 and 50-Day MA between 1.3730 and 1.3760Key longer-term pivot Zone 1.3750Main Support Zone 1.3675 to 1.3686USDCAD 1H Chart USDCAD 1H Chart, August 28, 2025 – Source: TradingView The immediate action is fairly balanced, with the 1H RSI rebounding from oversold – However, the current 1H candle is seeing immediate rejection as markets are approaching the low of the immediate resistance zone. A continuation of the downmove should take the pair towards the lows of the pivot zone between 1.37 to 1.3725. Price action may consolidate a bit before further movement due to low RSI levels – Keep those in check. For immediate breakout levels, look at the High of current 1H Candle 1.3785 for continued upside, while for a breakdown, look at the Daily lows at 1.3753. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

According to Forbes, XRP’s next five years will hinge on whether it can turn legal clarity into real payment use and steady liquidity. The token is trading at $3, up 4% in the last seven days. It has a market cap of about $176 billion. That puts XRP back among the top three crypto assets by capitalization. Regulatory Clarity Gives XRP A Running Start In July 2023 a US court found that programmatic sales of XRP on public exchanges were not securities, while some institutional sales remained in question. The matter moved again in August 2025 when both the SEC and Ripple dismissed appeals, preserving that split ruling. That step removed a long-standing legal overhang that had discouraged many institutional players from moving forward in the US. Market Snapshot And On-Chain Tools Reports show recent price peaks vary by source — $3.84 on some trackers and $3.65 on others — but liquidity metrics have improved. The XRP Ledger settles transactions in three to five seconds and typically charges under $0.01 in fees. In March 2024 the ledger added an on-chain automated market maker via the XLS-30 amendment. Payments And Remittances Could Drive Demand Global remittances to low- and middle-income countries reached over $680 billion in 2024, with average fees near 6%, while the UN target is 3%, Forbes said. Ripple already runs production corridors with partners such as SBI Remit in Japan and Onafriq in Africa, connecting payments to the Philippines, Vietnam, Indonesia and 27 African countries. If treasurers and regulators in those corridors accept crypto rails, XRP could win steady, utility-driven flows rather than pure speculation. Products And New Channels For Investors Ripple launched RLUSD, a dollar-backed stablecoin, in 2025 with reserves custodied at BNY Mellon. Multiple issuers have filed S-1 and 19b-4 forms for US spot XRP products. Those filings could create a fresh demand channel if approvals follow. According to Finder’s expert panel in July 2025, the average XRP price is expected to be $2.80 by the end of 2025 and $5.25 by 2030 — projections that depend on adoption, liquidity, and market-access steps such as ETFs. Where XRP Could Stand In Five Years According to Forbes, if corridor volume shifts from fiat and stablecoins into XRP, and if custody and ETF channels open, demand could grow in a sustained way. In that scenario, price upside would be supported by both real payment flows and passive investment. If those pieces do not align — if stablecoins dominate corridors, if CBDCs gain traction, or if execution issues persist — XRP may stay widely traded but see limited real-world settlement use. Featured image from Token Metrics, chart from TradingView

The higher-timeframe momentum gauges for Dogecoin are quietly resetting, and two widely followed chartists say the setup that preceded DOGE’s biggest advances is close to reappearing. In a new monthly chart, Kevin (@Kev_Capital_TA) stacks three market cycles and highlights a repeating structure: long, descending consolidations that resolve into impulsive breakouts, followed by measured Fibonacci 1.618 extension targets penciled far above the range. One Trigger Could Ignite Dogecoin’s Cycle Surge The present cycle has already cleared its multi-month falling wedge on the 1-month chart and, critically, completed a clean throwback: price pushed through the descending trendline, retested it from above, and turned higher, converting former resistance into support. On Kevin’s canvas, DOGE trades in the ~$0.23 area on the monthly scale, sitting beneath layered horizontal supply bands but above the wedge ceiling that capped it through the consolidation. Momentum is the hinge of Kevin’s thesis. “Anytime we saw Monthly Stoch RSI crosses on #ogecoin outside of the bear market along with an uptrending Monthly RSI ultimately lead to massive rallies to the upside,” he writes. He adds that “the goal is to get the StochRSI to cross the 20 level and show follow through as anything below that level is a sign of weak momentum. Currently crossing to the upside and at the 13 level.” His lower panel draws a rising diagonal on the 1-month RSI—explicitly labeled “Higher Lows on 1M RSI”—to underscore that longer-term momentum troughs have been stepping up even as price coiled inside the wedge. Kevin also reiterates the inter-market backdrop he’s watching: “If BTC can move higher and not putter out on us and we ultimately get ETH into price discovery with a dropping BTC Dominance then like I have said before DOGE’s biggest move of the cycle is likely. Just need a little more time and for BTC and the macro to support the move. That’s the reality not engagement farming hopium.” With the structural breakout and retest in hand, the remaining confirmation on his checklist is mechanical—see the monthly StochRSI reclaim and hold above 20 while the monthly RSI preserves its pattern of higher lows. On targets, Kevin has previously mapped an aggressive trio of Fibonacci extensions above the last cycle’s peak: 1.618 at $3.97, 1.65 at $4.33, and 1.703 at $5.00. In prior cycles on the same template, wedge resolutions were followed by vertical expansion toward comparable 1.618 objectives; these three levels now serve as forward waypoints should trend acceleration resume. Ichimoku Cloud Analysis For DOGE A complementary, mid-cycle lens from Cantonese Cat (@cantonmeow) uses 2-week candles with Ichimoku Cloud to track the transition. “It’s doing more or less what I thought it would do from 2 months ago,” he notes, “where it bounced off the cloud, reclaiming Tenkan (blue line) as support, and is trying to launch itself above the green Ichimoku cloud on the right.” In Ichimoku terms, that sequence—cloud bounce, Tenkan regain, then an attempt to clear the top of the forward green cloud—aligns with a shift from corrective to trending conditions on the 2-week timeframe and dovetails with Kevin’s higher-timeframe momentum trigger. Taken together, the two studies narrow the focus to a clear condition set. Tactically, the 2-week chart is pressing the cloud top after reclaiming the Tenkan as support. And cyclically, the 1-month StochRSI is curling up from ~13 toward the threshold Kevin considers decisive at 20 while the 1-month RSI maintains a series of higher lows. If those momentum thresholds are secured against a supportive majors tape—firmer BTC, ETH in discovery, and declining BTC dominance—the Fibonacci extensions at $3.97, $4.33, and $5.00 could be DOGE’s price targets for this cycle. At press time, DOGE traded at $0.223.

Most Read: EUR/USD Reclaims 1.1600 as DXY Retreats, Key Economic Data Ahead Real gross domestic product (GDP) increased at an annual rate of 3.3 percent (0.8 percent at a quarterly rate) in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. Source: US Bureau of Economic Analysis The economy grew in the second quarter, mainly because the country imported fewer goods and services, and people spent more money. However, this growth was limited by businesses investing less and the country exporting less. The initial estimate of economic growth was later corrected to be a bit higher. This correction happened because it was found that businesses invested more and people spent more than first thought, but this was partly canceled out by the government spending less and the country importing more than initially estimated. Compared to the first quarter, the second quarter's growth was a result of a sharp drop in imports and faster consumer spending, which were partly countered by a decrease in investment. A key measure of private-sector activity, which adds up what consumers and businesses spent, grew by 1.9 percent, which was a significant upward correction from the earlier number. Prices for goods and services bought in the country went up by 1.8 percent, which was a slightly smaller increase than first thought. The prices that consumers paid went up by 2.0 percent, also a bit less than first estimated. When you remove volatile food and energy costs, consumer prices went up by 2.5 percent, which was the same as the first estimate. Source: US Bureau of Economic Analysis Market Reaction - US Dollar The US Dollar Index seemed largely unfazed by the data release as it continued its decline once the data was released. The index is now within touching distance of the recent swing low which is a key area of support resting at 97.70. A break and candle close below this support level could open up the door for a retest of the Year-to-date lows around 96.37 and may be worth monitoring. Gold (XAU/USD) Analysis Gold prices continued their rise today as the precious metal peaked back above the $3400/oz level. The previous bullish pennant breakout played out to perfection. The question now will be whether the precious metal can gain acceptance above the $3400/oz before making a run toward the all-time highs. If it does there is a key level in and around the $3430-$3440 with a candle close above this handle seen as clearing a path for a retest of the ATH at $3500/oz. There is a golden cross pattern developing on the four-hour as the 50-day MA eyes across above the 100-day MA. While this is a lagging signal it still shows that momentum may currently be favoring a bullish move. Gold (XAU/USD) Four-Hour Chart, August 27, 2025 Source:TradingView.com Client Sentiment Data - Gold Looking at OANDA client sentiment data and market participants are Long on XAU/USD with 51% of traders net-long. I prefer to take a contrarian view toward crowd sentiment, however the reading of 51% net-long shows the indecision and concern by market participants that Gold can hold above the $3400/oz handle. Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Equinox Gold (TSX, NYSE-A: EQX) has begun processing ore at its Valentine gold mine in Newfoundland and Labrador, with first gold expected next month. “I am pleased to announce that our Valentine gold mine has begun processing ore through its 2.5-million-tonne-per-annum facility,” chief executive officer Darren Hallsaid on Thursday. The Vancouver-based miner expects to ramp-up to nameplate capacity in the second quarter of 2026. At that point, Valentine is projected to produce 175,000 to 200,000 ounces of gold annually for the first 12 years of its 14-year reserve life. When fully operational, Valentine will be the largest gold mine in Atlantic Canada and a major economic driver for Newfoundland and Labrador. It marks the second mine Equinox has brought online, following the start-up of its Greenstone project in Ontario, which entered commercial production in November 2024. Equinox gained control of Valentine through its recent acquisition of Calibre Mining. Valentine hosts proven and probable reserves of 2.7 million ounces grading 1.62 g/t gold. It also contains 1.3 million ounces in measured and indicated resources grading 1.45 g/t, along with an Inferred resource of 1.1 million ounces grading 1.65 g/t. Equinox says the project could anchor a new gold district in central Newfoundland. New blood To support the transition at Greenstone, Equinox is expanding its leadership team. Bryan Wilson will join as vice-president of operations on September 3, bringing more than 37 years of open-pit and underground mining experience. Roger Souckey has been appointed director of external relations, while Daniella Dimitrov will take on the role of executive vice-president of sustainability, people and strategy. Dimitrov, who has more than 25 years of experience in strategy, finance and governance, is expected to strengthen the company’s push to become a top-tier gold producer anchored by long-life Canadian mines. Hall said Equinox is entering “a pivotal phase of growth,” with both Valentine and Greenstone set to drive a sharp increase in production and cash flow in the year ahead.

Markets just received the report for the much-anticipated Core PCE, which came exactly as expected – The month-over-month Core release came at 0.3 % vs 0.3% expectations. All data components are once again exactly as expected, Core PCE is calculated from already released data, so not surprising to get accurate expectations. This brings the y/y total to 2.6% for the headline and 2.9% for the Core. Canada released their own GDP data which came at -0.1%, a miss on the already weak 0.1% m/m expectations. Annualized, the Canadian GDP is at -1.6%! Canada is still awaiting for a proper relaunch of their slowing economy, and the Loonie that was strenghtening these past few days is giving up some of this strength. Canadian PM Carney and US President Trump are however getting back to better ground. Let's see how it plays out for the two North-American neighbors. Spot live reactions to the Dollar Index and USDCAD just below Read More: EURUSD rangebound in the waiting for further news – breakout levelsDollar Index 30m Chart – Rising but the report didn't change much Dollar Index 30m Chart, August 29, 2025 – Source: TradingView The Dollar is rising slowly but will be stepping against the 30m 200-MA around 98.17, still evolving in a range within the 98.00 handle. USDCAD 30m Chart USDCAD 30m Chart, August 29, 2025 – Source: TradingView The Loonie is losing some steam after the data. The pair is still evolving in a downward channel. You can access our latest analysis of the pair right here. Safe trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Bitcoin is trading at a critical level after successfully holding above $110,000 as support, but market sentiment remains on edge. The recent defense of this zone has given bulls a temporary cushion, yet selling pressure is mounting as volatility continues to drive uncertainty. Some analysts warn that further declines may follow if buyers fail to regain momentum, putting Bitcoin’s resilience to the test. Top analyst Axel Adler highlights a key onchain signal that sheds light on the current market structure. According to Adler, Bitcoin’s Normalized Address Activity (NAA) dropped sharply from 60% — the level at which the $124,000 all-time high was formed — down to just 30%. This decline reflects a clear cooling in transactional intensity, with fewer coins moving on-chain. While this signals that short-term supply is weakening and immediate selling pressure has eased, it also raises questions about whether there is enough demand to fuel another rally. The balance between cooling activity and sustained support will be decisive. If Bitcoin holds $110K and demand reemerges, the market could stabilize. But if volatility keeps pressuring buyers, the risk of deeper corrections remains firmly on the table. Bitcoin Long-Term Seller Base Expands According to Adler, while Bitcoin’s short-term supply activity has cooled, long-term dynamics reveal a different story. The annual Normalized Address Activity (NAA) has climbed from 30% — recorded when Bitcoin was trading near $80,000 — to 40% today. This steady increase shows that more holders are willing to realize profits at higher levels, gradually broadening the seller base. For context, the peak of selling activity in this cycle occurred in September 2023, when the annual NAA hit 85% with Bitcoin priced around $37,000. That marked a period of heavy distribution at lower valuations. By contrast, the current phase reflects a more balanced environment, where selling pressure is elevated compared to earlier this year but still far below peak cycle extremes. Adler suggests this positioning indicates Bitcoin has entered a “mid-stage” phase of distribution, where profit-taking grows but the structural trend remains intact. Despite this, price action underscores hesitation. Bitcoin is holding above critical support at $110,000, but has so far failed to reclaim higher supply zones that would confirm bullish continuation. The market now sits at a crossroads, with speculation rising about the next major move. Whether buyers can overcome expanding long-term selling pressure will likely decide if Bitcoin stabilizes for another rally or faces a deeper corrective wave. Bulls Push To Test Key Levels Bitcoin is trading near $112,900 after a series of volatile swings that pushed the price down from recent highs above $123,000. The chart highlights how BTC has struggled to reclaim lost ground, with short-term momentum still capped by resistance levels. After defending the $110,000 zone, buyers are attempting a recovery, but the structure suggests that a more decisive move is needed to shift sentiment. Currently, BTC remains below the 50-day and 100-day moving averages, which hover between $113,000 and $115,000. These levels form the immediate barrier for bulls, and breaking above them would be crucial to altering momentum in favor of an upside push. A successful retest and hold of $115,000 could signal the start of renewed strength, setting the stage for another attempt at the $120,000–$123,000 resistance zone. On the downside, failure to break higher keeps BTC vulnerable. A rejection near current levels could open the door to another retest of $110,000 support, with deeper risks extending toward $108,000. Market sentiment remains cautious, and the next few sessions will likely determine whether Bitcoin can reclaim bullish momentum or remain stuck under pressure. For now, $115,000 stands as the critical line in the sand. Featured image from Dall-E, chart from TradingView