Spot gold rises back above $5,000 per ounce, Bitcoin rebounds to $76,000
Commodity prices have continued to stabilize in the Asian market, with spot gold rising back above $5,000 per ounce, up $108 or 2.2%, reported at $5,046. Spot silver is reported at $86.88 per ounce, up $1.77 or 2.1%. Bitcoin has rebounded from a low of $72,884, currently reported at $76,420.
Market analysis indicates that the sharp decline in gold and silver prices is driven more by technical factors than fundamental ones, and attention is being paid to the demand situation in the physical market after the Chinese New Year
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