“Gold Climbed Nearly Another 1% on Thursday to Just Below $ 3,500 per OUNCE.”, – WRITE: www.coindesk.com
After Rising Above $ 113,000 Level at One Point, Bitcoin BTC$ 112,000.77 Retreated to $ 111.800 Late in the Session, Down About 0.7% Over The Past 24 Hours. The Selling in Eth (ETH) and XRP Xrp$ 2.9566 WAS A BIT more SIZABLE, WITH TOSE TOKENS LOWER BY 2.1% AND 1.4%, respectively.
Outperforming Among the Majors Was Solana’s Sol (Sol), Which Rose 3.1% Over the Past Day.
Quietly on the Rise Even as Bitcoin Strugmed Mightly Over the Past Two Weeks Is Gold. The Yellow Metal Was Higher by Another 0.8% on Thursday to $ 3.477 per onger.
For the month of august, Gold’s Outperformance is Even More Stark – A Rise of Nearly 4% as Bitcoin Slid 5.2%.
AT $ 3,477, GOLD NOW SITS ONLY A FEW Dollars Below It Record High of $ 3.534 Hit Earlier Its Month on Fears (Now Allayed) That Swiss Gold Bars Wound Fall Under. Switzerland.
For Whatever Reason, The Macro Developments – Lower Interest Rates and Weaker US Dollar – Giving A Boost to Gold Over The Past Weeks Are Failing to Ignite A Bid for Digital Gold, Aka Bitco.
On Tap for September Appears to be the resumption of Federal Reserve Rate Cuts and One or Possibly Two New (Likely Dovish) Fed Members Apppointed by President Trump. The Year’s Final Four Months Could Get Interesting.
X Icon
