Gold's selloff pauses as US-Iran talks rekindle deal hopes
Gold paused its slide as US-Iran dialogue revived deal expectations. Traders now await diplomatic outcomes for price catalysts.
Bitcoin's 90-day correlation with gold hit a six-year high, and BTC is 3% away from turning positive against gold for 2026.
Bitcoin's 90-day correlation with gold has reached a six-year high. The cryptocurrency is now only 3% from becoming positive against gold for 2026. The BTC/gold chart shows a series of higher lows since February, and it recently recorded a new peak above 17.9 ounces.
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Gold paused its slide as US-Iran dialogue revived deal expectations. Traders now await diplomatic outcomes for price catalysts.
Iran expects a US response today on its Hormuz proposal; oil prices climb again.
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