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Forex

Gold Trumps Bitcoin as Weak Jobs Data Boosts Precious Metal

Guavy AI Editorial Team
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USD
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Gold prices surged last week, reaching a seven-week high due to weaker-than-expected US jobs data, falling Treasury yields, and a softer dollar.

The factors 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 Bitcoin may remain weak until late 2026, with key support levels needing to hold for any recovery.

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