Gold Moves Higher as Bitcoin Holds Steady After US CPI
The latest US inflation data delivered little surprise, but markets still reacted differently.
July CPI came in at 3.4% year-over-year and 0.1% month-over-month, both matching expectations. Core CPI stood at 2.5%, keeping the inflation picture relatively stable.
Gold $XAU edged higher, gaining 0.60% to $4,407.54/oz, while silver added 0.77%.
Bitcoin $BTC , meanwhile, remained largely unchanged around $63,479, slipping just 0.21% over 24 hours. Trading activity increased, with 24-hour volume rising 9.52% to $22.41B.
Gold has also gained 7.84% over the past 30 days, showing continued strength despite the broader macro uncertainty.
The key takeaway: inflation is cooling, but markets still lack a strong catalyst for a major risk-on move.
Gold is holding its strength. Bitcoin is waiting.
The latest US inflation data delivered little surprise, but markets still reacted differently.
July CPI came in at 3.4% year-over-year and 0.1% month-over-month, both matching expectations. Core CPI stood at 2.5%, keeping the inflation picture relatively stable.
Gold $XAU edged higher, gaining 0.60% to $4,407.54/oz, while silver added 0.77%.
Bitcoin $BTC , meanwhile, remained largely unchanged around $63,479, slipping just 0.21% over 24 hours. Trading activity increased, with 24-hour volume rising 9.52% to $22.41B.
Gold has also gained 7.84% over the past 30 days, showing continued strength despite the broader macro uncertainty.
The key takeaway: inflation is cooling, but markets still lack a strong catalyst for a major risk-on move.
Gold is holding its strength. Bitcoin is waiting.