Higher Oil Lifts Bond Yields; Bitcoin Shows Relative Strength, Gold Slides
Brent crude settled above $90 and the 10-year yield hit 4.768%, pressuring growth stocks and gold while bitcoin held above $78,340.
Brent crude settled above $90 and the 10-year yield hit 4.768%, pressuring growth stocks and gold while bitcoin held above $78,340.
Bitcoin and gold fell in tandem after Fed Chair Warsh's hawkish Jackson Hole speech raised rate-hike odds, weakening the debasement trade.
Oil holds gains after US-Iran strikes; European yields climb; dollar soft; German state inflation beats expectations.
Gold futures show a mildly bullish intraday recovery after reclaiming VWAP near 4,488, but major resistance at 4,500-4,540 looms.
Gold fell sharply after Fed Chair Warsh's hawkish Jackson Hole speech, erasing most gains from the US Treasury announcement.
Oil prices jumped after US strikes on Iran prompted retaliation, while Asia markets fell on Mideast tensions and rate fears.
Gold extended its decline on Monday, continuing Friday's sharp selloff triggered by Fed Chair Warsh's hawkish Jackson Hole speech, as no fresh catalysts…
Grayscale research links rising U.S. debt to a debasement trade that will benefit bitcoin, citing Treasury buyback moves.
Grayscale research shows Bitcoin's 90-day correlation with gold rose above 50%, as the debasement trade gains traction amid rising US debt.
Markets were quiet as traders awaited Fed Chair Warsh's Jackson Hole speech. European stocks edged higher, while currencies and gold were little changed.
Gold miners have climbed 43% in August, a record monthly performance, while the debasement trade lifts gold, copper and Bitcoin.
Gold prices remain steady around $4,600 as traders await Fed Chair Warsh's Jackson Hole speech.
Bitcoin ETFs attracted $2.56 billion in new investment over the past week, pushing BTC to $78,302. The rally follows a Treasury announcement boosting the…
Binance founder CZ predicted at Bitcoin Asia that Bitcoin will hit $1 million and surpass gold's market value, warning nations against ignoring it.