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Matrixport: Gold Outperforms Bitcoin by Approximately 80% in the Past Year
Summary: Matrixport released a chart today indicating that gold prices continue to show strength, breaking through previous resistance levels. Concerns about the independence of the Federal Reserve have further fueled market worries as Trump and the US Justice Department subpoena Fed Chair Powell. The damaged credibility of institutions continues to provide structural support for gold and ...
Matrixport released a chart today indicating that gold prices continue to show strength, breaking through previous resistance levels. Concerns about the independence of the Federal Reserve have further fueled market worries as Trump and the US Justice Department subpoena Fed Chair Powell. The damaged credibility of institutions continues to provide structural support for gold and may accelerate central banks' diversification away from the US dollar, promoting reserve currency diversification. In comparison, gold has outperformed Bitcoin by approximately 80% in the past year. The current momentum remains strong, with a bullish trend structure, making trend-following strategies advantageous.
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Link: Matrixport: Gold Outperforms Bitcoin by Approximately 80% in the Past Year [Copy]
