Precious Metals and Cryptocurrencies Decline While Major Currency Pairs Strengthen

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Precious metals and digital assets posted modest declines in early trading on August 31st. Ethereum led the losses, dropping ▼ 1.64% to 2420.51 USD, while traditional safe-haven assets also faced selling pressure.

Precious Metals

Gold fell ▼ 0.75% to 4423.10 USD, trading between 4402.00 USD and 4470.90 USD during the session. Silver declined more modestly, slipping ▼ 0.35% to 66.27 USD, with a range of 65.83 USD to 66.95 USD.

Cryptocurrencies

Bitcoin retreated ▼ 0.57% to 77759.00 USD, moving between 77392.00 USD and 79136.00 USD. Ethereum's steeper decline reflected broader weakness in alternative cryptocurrencies, with the token trading across a range of 2401.91 USD to 2516.01 USD.

Currency Markets

The US dollar strengthened against major currencies. The dollar gained ▲ 0.59% against the euro, reaching 0.8623 EUR and trading between 0.8572 EUR and 0.8623 EUR. Against sterling, the dollar advanced ▲ 0.65% to 0.7383 GBP, with a range of 0.7335 GBP to 0.7383 GBP. Middle Eastern currency pairs remained flat: USD/QAR held at 3.6400 QAR, USD/SAR at 3.7500 SAR, and USD/AED at 3.6725 AED.