🥇 Gold price cumulatively fell more than 10% by late August—yet BTC is above 83,000?
This Monday, gold plunged nearly 4% in a single day, but Morgan Stanley says 4,000 is a "very strong floor"
With both weighed down by U.S. Treasuries, which will rebound first—gold or BTC?
📍 Latest data:
· Spot gold around $4,180 per ounce
· Hit a 7-week low this Monday, rebounded 1.64% on Tuesday
· After PCE was released, it briefly climbed to 4,207, then gave back gains
📊 Why it fell:
U.S. Treasury yields hit new highs, raising the opportunity cost of holding non-yielding gold. The Middle East situation pushed up oil prices, further worsening inflation and rate-hike concerns. With oil prices tumbling on Tuesday, gold managed to rebound.
🔄 Comparison with BTC:
Both are restrained by U.S. Treasuries. After PCE, each surged and then retreated. Gold has pulled back more than 10%, while BTC is still up 7.79% over the past 30 days.
🎯 Key levels:
Above 4,200 for gold; below 4,100. A break could see 4,020 (analyst reference level).
⚠️ If Friday’s Nonfarm Payrolls come in strong and Treasuries push higher again, both gold and BTC will face pressure.
Who do you think is more resilient under pressure—gold or BTC? Vote in the comments 👇
$BTC
$PAXG $XAUT
#黄金下跌 #美债收益率飙升 #CFTC向白宫提交两项事件合约规则提案
This Monday, gold plunged nearly 4% in a single day, but Morgan Stanley says 4,000 is a "very strong floor"
With both weighed down by U.S. Treasuries, which will rebound first—gold or BTC?
📍 Latest data:
· Spot gold around $4,180 per ounce
· Hit a 7-week low this Monday, rebounded 1.64% on Tuesday
· After PCE was released, it briefly climbed to 4,207, then gave back gains
📊 Why it fell:
U.S. Treasury yields hit new highs, raising the opportunity cost of holding non-yielding gold. The Middle East situation pushed up oil prices, further worsening inflation and rate-hike concerns. With oil prices tumbling on Tuesday, gold managed to rebound.
🔄 Comparison with BTC:
Both are restrained by U.S. Treasuries. After PCE, each surged and then retreated. Gold has pulled back more than 10%, while BTC is still up 7.79% over the past 30 days.
🎯 Key levels:
Above 4,200 for gold; below 4,100. A break could see 4,020 (analyst reference level).
⚠️ If Friday’s Nonfarm Payrolls come in strong and Treasuries push higher again, both gold and BTC will face pressure.
Who do you think is more resilient under pressure—gold or BTC? Vote in the comments 👇
$BTC
$PAXG $XAUT
#黄金下跌 #美债收益率飙升 #CFTC向白宫提交两项事件合约规则提案