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Gold is among the top-performing assets in the commodity markets, printing new all-time highs every month in 2024. The precious metal has soared close to 32% year-to-date and is still attracting bullish sentiments in the indices. The XAU/USD chart, which tracks the performance of gold, shows the metal hovering around the $2,726 price range. It is up nearly 11 points in the day’s trade and has surged by 0.40%. Also Read: Foreign Investments in the Chinese Yuan Reach $640 Billion Gold hits most overbought level since August 2019 pic.twitter.com/3m0j0Gl9zw — Barchart (@Barchart) October 23, 2024 While gold is the most sought-after asset in the commodity market, its accumulation has pushed it into ‘overbought’ territory. This comes with risk, as a major price dip could be on the cards. Recent data published by Barchart shows that gold is the most overbought asset in five years. Also Read: US Dollar Fights for Survival as De-Dollarization Advances Globally Should You Sell Gold Now at Rebuy

Bitcoin prices are fluctuating as central banks hint at interest rate cuts. Many wonder if these cuts could push Bitcoin to new highs. Also Read: Ripple: XRP Outperforms Top 10 Cryptocurrencies, Rallies 8.8% How Central Banks’ Rate Cuts and Bitcoin ETFs Could Propel Bitcoin to $100K Source: Freepik.com Anticipation Builds for Fed Rate Decision The crypto market is watching the Federal Reserve’s upcoming meeting closely. Expectations are split between a 25- and 50-basis-point rate cut. This uncertainty has pulled Bitcoin back to around $58,000 after recent highs above $60,000. SEN. WARREN TELLS FED TO CUT RATES In a letter to Federal Reserve Chairman Jerome Powell, Warren accused him of threatening the economy and increasing financial hardship for families in the U.S due to his refusal to lower interest rates. “The Fed’s decision to keep interest… pic.twitter.com/kb4qV1Qx6P — Mario Nawfal (@MarioNawfal) June 11, 2024 Rate Cuts Could Fuel Bitcoin’s Rise Some analysts think rate cuts coul

The blockchain company has been pushing hard into the CBDC space since piloting its CBDC Private Ledger aimed at central banks in March 2021. Ripple may soon unveil positive developments in its central bank digital currency (CBDC) projects, following hints from Ripple CBDC advisor Antony Welfare of more announcements to come.  Crypto influencer Sentosumosaba had shared on Twitter on Sept.6 that Ripple was in the midst of several CBDC pilot programs including one in Bhutan and the other in Palau. Ripple’s senior advisor Welfare, who handles CBDC Europe and Global Partnerships responded on the same thread, teasing there could be “more CBDC announcements” in the “next few weeks.” Thanks @sentosumosaba for the mention - make sure you follow me for more CBDC announcements in the next few weeks — Antony Welfare (@AntonyWelfare) September 6, 2022 The company has become increasingly active in the development of central bank digital currencies since piloting a private version of the XRP Ledg