Gold edges up, Bitcoin rallies as markets await US inflation data

Welcome to Venor News, New York Edition. I'm Gracy Skai.

The Wall Street Journal reports gold is higher as traders wait for US data.

Reuters reports chip stocks slid, and the Wall Street Journal reports Asian shares were battered.

Bitcoin climbs as Russia approves a major bank for crypto services.

The Wall Street Journal reports oil is falling as traders weigh Gulf risks and Russian diesel supply.

First, currencies. The dollar is softer against most majors. Euro-dollar is up 0.22 percent, the pound up 0.23 percent, and dollar-yen down 0.24 percent. The Aussie dollar is up 0.25 percent. The dollar's mood is cautious before tomorrow's US inflation data.

Our number of the day: 160 percent. That's how much of a normal day's range Ethereum has already covered.

Gold is up 0.30 percent today, but still down 0.17 percent this week. The daily trend is down, with sellers slightly ahead, while the four-hour structure is mixed. The Wall Street Journal reports gold is rising as traders await US data. China's record gold imports and a long central-bank buying streak are also in the news, a demand story Tekedia has covered. Tomorrow, traders watch the US inflation numbers. That is the next test for gold, the dollar and rate expectations.

Bitcoin is up 2.08 percent today, and Ethereum is up 2.75 percent. XRP leads the majors, up 2.89 percent. Sberbank has won approval for crypto services ahead of a December 1 launch, a major regulatory shift. A global watchdog also warns the stablecoin market could face runs even with full reserves. Traders will watch how regulation shapes flows.

The key event is tomorrow's US inflation report at 8:30 New York time. That is the high-impact US data, and it is tomorrow, not today.

Finally, the Session's Briefing barometer for the London session: euro-dollar is clearly bearish, dollar-yen is clearly bullish, and Bitcoin leans bearish. For live updates through the day, watch Market Pulse on our website.

That's all from Venor News. Goodbye, and happy trading.