Gold Surges to $5,600 as Bitcoin Dips, Sparking Rotation Talk
TL;DR
Gold climbs toward $5,600, hitting fresh highs on geopolitical risk and a softer dollar, while Bitcoin retreats; the Morning Minute flags a potential rotation between gold and crypto amid macro drivers and policy signals, noting ongoing institutional moves such as Tether expanding gold reserves and Fidelity’s stablecoin plans.
- Morning Minute: Gold Soars Toward $5,600; Bitcoin Falls Decrypt
- Gold and silver keep hitting record highs. But is the precious metals market 'broken'? CNBC
- Jerome Powell got a direct question about the U.S. ‘losing credibility’ and the soaring price of gold and silver. He punted Fortune
- Gold volatility explodes as price trades like a meme stock FOREX.com
- Gold’s soaring so fast it’s topped Goldman target set only last week. Now a JPMorgan analyst plots path to $8,500. MarketWatch
Want the full story? Read the original reporting
Read on Decrypt