Gold’s Pause is Bitcoin’s Pulse as Risk Appetite Returns Ahead of the Fed Week
Gold's retreat due to profit-taking and easing trade tensions has shifted focus back to risk assets like Bitcoin.Summary
Gold's record-breaking rally paused this week, snapping an eight-week winning streak as traders took profits ahead of the Federal Reserve's policy decision. The pullback, driven by profit-taking, ETF outflows, and a preliminary consensus reached on US-China trade issues, eased safe-haven demand. This shift has benefited Bitcoin, which has gained over 5% recently, reclaiming the $113,500 level. The BTC/gold ratio recently hit its most oversold reading in nearly three years (RSI of 22.20), historically signaling local bottoms for Bitcoin and potential rotation back into higher-beta assets as macro fear subsides. This movement aligns with expectations that the Fed might cut rates this week, further supporting the return of risk appetite.
(Source：CoinDesk)