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Gold futures fell to $2600, but analysts still believe there is a long-term hedging demand.
Gold futures prices continued to decline, marking the fourth consecutive trading day of decline in the past five trading days.
Gold Adds to Losses but Analysts Still See Long-term Safe-haven Demand
Shares of Precious Metals Stocks Are Trading Lower as Gold Prices Drop Amid a Rise in the US Dollar.
Milestone moment! BlackRock's bitcoin ETF size exceeds gold for the first time!
Bitcoin has entered a "beast mode", with the current price approaching $90,000. The market cap of cryptocurrencies has reached a historical high of about $3.1 trillion.
"Trump 2.0", why is bitcoin skyrocketing while gold is plummeting.
Analysis suggests that 'Trump 2.0' may lean towards a 'small government' ideology, reducing government intervention and avoiding expansionary fiscal expenditures, which is bullish for bitcoin as a 'decentralized' asset. This cautious fiscal style also suppresses the safe-haven properties of gold, weakening its attractiveness as a hedge asset.
Is gold bearish? Reports of Trump inviting trade hawks back to lead as the United States trade representative.
The Trump effect has prompted gold traders to take profit, with the world's largest gold etf experiencing the largest weekly fund outflow since 2022.