Decoupling Again? Bitcoin Retains Its Gains as Gold Hits Monthly Low

The price of gold on Wednesday fell to a monthly low, undergoing investors increased an appetite for the risk of property such as bitcoin in the midst of coolant tensions between the US and China.

Golden price dropped 9% to $ 3,185 per ounce, with a maximum of all time of $ 3,500 in mid -April, according to Trading economy. In the same period, Bitcoin price has increased by 17% to $ 103,600 with $ 88,200, according to Co ringecko data.

The difference between gold and bitcoin became more obvious because the US and China also held productive trade negotiations, offering investors a return from the Tarip Tit-Za-Tat. Earlier this year, the escalation of trade tension for weeks has been spirals global markets.

On Monday, the United States announced that it would effectively reduce payment to Chinese imports from 145% to 30%. And China said that would reduce the tariffs to US goods from 125% to 10%. Audits, which should last 90 days have entered into force on Wednesday, according to a a common statement.

According to the economist and longtime critic of Bitcoin to Peter Schiff, Gold faced several sales in the midst of his latest rally, which usually happens at the beginning of the US shopping session. In a publish On X, early Twitter, he described it as a sign that gold “passed from us to foreign ownership.”

Bitcoin showed strength against US shares during the trade war of President Donald Trump. But gold has still surpassed the original cryptocurrency of the currency so far this year, and Bitcoin has climbed to about 10% and gold has received 23% from January.

Analysts say Bitcoin portrait as a “safe haven” was Recently reinforced Growing worries to remove American dollars and a weaker green return. Similar factors can be played for gold, and the deescation between the US and China now has the center stage.

In April, Chinese funds traded with gold published their strongest month on record, attracting $ 6.4 billion, according to Ray Jia, chief of Chinese research at the World Council for the Commerce Association Association. In a study published on Wednesday, he wrote That “an unprecedented increase in demand was mostly guided by attractive local performance prices of gold, [and] Trade war in the USA. “

Jia noted that “the influx is slowed in early May” and the demand can cool in the short term, together with further deecalization in trade tension between the US and China. However, long -term economic and geopolitical risks are among the factors that could anchor gold demand in the long run, he added.

Spot Bitcoin Etf -Outs are confronted dramatic outflows Earlier this year, but the turnaround came with a new high water brand. On Tuesday, a net inflow exceeded $ 41 billion from the debut on Wall Street last year and New tip of all time for the inflow.

Edited Stacy Elliott.