and also crypto prices higher. specifically, i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. now, let s talk about liquidity i think in the past few weeks we have seen actually easing from china, and also from the us, the fed has been injecting liquidity through running down its overnight repo facility. also, from a seasonality perspective, november, december tends to be actually quite favourable in terms of financial conditions. indeed, the rally in bonds or the fall of interest rates have helped also financial conditions to ease in the past few weeks. hence, we have seen a surge in liquidity in the system and that propels both gold and crypto currencies higher. the next reason is the us dollar. now, of course, both gold and crypto currencies are denominated in us dollars and when the us dollars become weaker, that is actually a tailwind for both asset classes. obviously, as we mentioned, given that the
israel says it has now all but completed its military objectives in the north of gaza and is proceeding aggressively with ground operations in the south. the israeli military has again urged people to evacuate from areas they re targeting. around 170,000 people in khan younis have been warned to leave for their safety. the world health organization says it has been told by israel to move medical supplies out of two warehouses in southern gaza within 2a hours although israel has denied this. these pictures show explosions and fire in gaza on monday evening. a spokesman for the un children s charity, unicef, says there s nowhere safe for people to go. and there are reports from gaza that at least 30 people have been killed at two schools where people were sheltering, including children. earlier reports from the official palestinian news agency put the number of dead at 50 it blamed an israeli air strike. 0ur diplomatic correspondent paul adams has the latest from jerusalem.
factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as april next year, us dollar has been weakening ver
crypto prices higher. specifically i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as ap
and civilian infrastructure, including hospitals. israeli authorities have denied the who s claim. the israel defense forces are now telling civilians to leave areas around khan younis, a city israel told civilians to flee to for safety earlier in the conflict. our diplomatic editor paul adams has more on the latest on the ground. so israeli ground forces, including tanks, other armoured vehicles and bulldozers, have been operating close to the city of khan younis in the southern gaza strip, the largest city in the southern gaza strip for the last couple of days. and it seems likely that an assault on the city may be coming fairly soon. we are hearing that there are very, very heavy air strikes in parts of khan younis. some of those parts are areas that the israelis have told palestinians to evacuate. there is a very real fear voiced by the un that we may see large numbers of palestinians on the move once again, some of them for their second, third, fourth, fifth time. last