A few weeks ago, Gold began showing weakness as the Investors moved capital into money markets to earn higher yields. Gold hit a low of $1820 an ounce
This week Gold has started showing some strength moving over 2% in the last 24 hrs to $1920 an ounce.
Will this rise continue and maybe push $BTC and the general crypto market higher?
For now the trend is up on the daily chart shown below and yet to fully confim on the weekly. It's also noticeable that this move occured as the #ftx trials started
Do you consider #gold as safe haven?
Put your comments below .
#Gold
