Gold Outperforms Bitcoin on Weaker US Economy

Gold prices surged last week by over 7%, reaching a seven-week high due to weaker-than-expected US jobs data, falling Treasury yields, and a softer dollar.

The factors led to reduced expectations for a Federal Reserve rate hike, making gold more attractive compared to Bitcoin, which is showing relative weakness against gold in technical charts.

The BTC/GOLD ratio indicates that Bitcoin may remain weak until late 2026, with key support levels needing to hold for any recovery.