Gold, often seen as an analog for audio money, rose 1% Monday to set another record high and bring its win to 2025 to 43%.
The metal that now deals with $ 3,721 went about an hour after Bitcoin Seen by some advocates as a digital form of audio money, a 24-hour drop sent 3%that lowered its price to $ 112,000 and its year to date for 17%. The timing suggests the possibility that the profits from Bitcoin liquidations rotated to gold.
The two assets rarely move in tandem, although there are occasional periods when both rising or falling at the same time, often with a short delay. This time the divergence is stronger.
Gold is not the only metal that attracts streams. Silver rose 1.5% Monday to approach $ 44, its third highest level since 1975, and has now risen more than 50% years to date.
Since the Federal Reserve reduced the interest rate by 25 BPS on September 17, both Gold and S&P 500 have increased by approx. 1%. At the same time, they are the US Treasury. (up 2.5%) and USA 30-year-old at 4.7% (up 2%).
The dollar was strengthened, with the DXY index added 1% to 97.5. A stronger dollar typically puts pressure on risk assets and Bitcoin has fallen over 3.5% since Fed’s steps.
