gold | ForkLog

ForkLog 6 15.11.2024

Trump’s Victory Shifts Investor Interest from Gold to Cryptocurrencies

The price of gold has reached a two-month low at $2543, losing over 7% in the first week following the U.S. presidential election. At the time of writing, the metal is trading at $2561. 2-hour XAU/USD chart by Quanda. Data: TradingView. “The bull market in gold and silver has paused, which may last for a […]

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ForkLog 14 14.11.2024

Bitcoin’s Correlation with Gold Hits 11-Month Low

The correlation between the leading cryptocurrency and gold has dropped to an 11-month low of -0.36, as noted by K33 Research, reports The Block. 30-day correlation of Bitcoin with gold. Data: The Block. The divergence emerged following Donald Trump’s victory in the presidential elections. Since then, Bitcoin has risen by 20% to new ATH, while […]

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ForkLog 6 31.10.2024

JPMorgan Analysts Predict Bitcoin and Gold Surge if Trump Wins

A potential victory for Donald Trump in the upcoming U.S. elections on November 5 could bolster the upward momentum of the leading cryptocurrency’s price, reports The Block, citing opinions from JPMorgan analysts.

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ForkLog 106 18.10.2024

Max Keiser Predicts Imminent Bitcoin Surge to $220,000

Bitcoin will “soon” rise to $220,000, according to a forecast by television host and Heisenberg Capital founder Max Keiser. The new ATH Gold price is predicting Bitcoin will trade over $220,000 very soon. — Max Keiser (@maxkeiser) October 18, 2024 The expert referred to gold prices reaching a new all-time high above $2700. The previous […]

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ForkLog 14 18.10.2024

Arthur Hayes Predicts Bitcoin Surge Amid Iran-Israel Tensions

Should tensions between Iran and Israel escalate, a rise in Bitcoin is expected to follow a spike in oil prices. This forecast was presented by former BitMEX CEO Arthur Hayes in a new essay. This scenario could unfold if there is an attack on major hydrocarbon deposits in the Islamic country. “What will happen to […]

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ForkLog 8 17.10.2024

Quantity Funds Launches Gold and Bitcoin-Based ETF

Quantity Funds has launched an exchange-traded fund (ETF) based on a basket of futures and ETP on gold and bitcoin, aiming to hedge against inflation and currency devaluation. The issuer of the STKD Bitcoin & Gold ETF (BTGD) views these two scarce assets as a safeguard against such risks. The fund does not invest directly […]

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ForkLog 6 03.10.2024

JPMorgan Predicts Rising Demand for Gold and Bitcoin

Global tensions and the upcoming presidential elections in the United States are driving investors towards gold and Bitcoin as safe-haven assets. This is reported by The Block, citing opinions from JPMorgan analysts.

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ForkLog 13 23.09.2024

Peter Brandt Predicts Bitcoin’s Surge Against Gold

In 2025, digital gold could potentially increase fivefold in value compared to its physical counterpart. This conclusion was drawn by technical analyst and head of Factor LLC, Peter Brandt. When I look at chart of Bitcoin/Gold ratio, here is how I view it: $GC_G $BTC $BTCXAU1. Continuation inverted H&S pattern, neckline at 32.5 to 12. […]

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ForkLog 10 09.08.2024

Bitfinex Identifies Bitcoin as a Safe Haven Amid Recession Risks

Bitcoin has the potential to serve as a safe haven during an economic downturn, even though the broader cryptocurrency market may suffer. This assertion was made by Bitfinex, reports The Block. Experts noted that over the past three months, central banks worldwide have implemented 35 rate cuts. Such a rapid pace reminded them of the […]

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ForkLog 7 06.08.2024

Gold and Bitcoin Serve Distinct Roles in Institutional Portfolios, Says Expert

eToro analyst Josh Gilbert asserts that major investors are unlikely to view the leading cryptocurrency as a safe-haven asset akin to gold. This was reported by Bloomberg.

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ForkLog 10 22.07.2024

JPMorgan Questions Bitcoin’s Sustained Growth

The recent rise in cryptocurrency prices is likely tactical and not the start of a prolonged upward trend, according to conclusions drawn by JPMorgan, as reported by The Block. Experts noted that the current bitcoin price significantly exceeds its mining cost (~$43,000) and appears inflated compared to the “fair” price adjusted for volatility relative to […]

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ForkLog 44 15.07.2024

A hundredfold in a century: storing gold on-chain

Gold has long been a haven in any economic weather, shielding investors’ cash from devaluation, inflation and market crashes. Its price rose during the dotcom crisis, amid global turmoil and during the pandemic, gaining 1,000% by 2024, by price. This article surveys the main ways to own gold, explains the value of tokenised precious metals […]

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