Crypto

Gold Price Rises Quickly as Bitcoin Keeps Struggling

When it comes to financial markets, there is always some trend taking shape. As stock market prices struggle a bit, the gold price is on track to surpass $1,700 again.

When the price of gold rises, interesting things tend to happen. 

Gold Price Continues to Rise

For traders and speculators, this is often a prominent sign.

Gold prices tend to rise when there is genuine financial trouble brewing.

The coronavirus outbreak will likely be a catalyst of this renewed interest in gold bullion.

As a result, the gold price hit its highest value in the past seven years.

A surge to over $1,640 was a matter of time, yet reaching a peak of $1.688.57 is well beyond expectations. 

Related Post

Interestingly enough, the Bitcoin price isn’t following suit.

Usually, the price of gold and the value of Bitcoin show similar patterns at the same time.

This time around, Bitcoin is trending slightly lower, as retaking $10,000 has proven to be a monumental task.

With stock markets retracing slightly, it is only normal to see investors flock to alternatives.

Gold and even silver have always been a good solution during times like these.

Why Bitcoin is being left behind, remains somewhat unclear.

The market makers are seemingly content to keep suppressing the price. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Top 5 Modular Blockchain Tokens Less Than $1 Price Mark To Monitor In August 2025

As the blockchain ecosystem continues to evolve, modular blockchains are emerging as a promising frontier,…

3 minutes ago

MetaMask Proposes Stablecoin Launch, Taps Stripe to Bridge TradFi and DeFi

MetaMask wants its own stablecoin. It’s calling it MetaMask USD (mmUSD). And if the recent…

1 day ago

Spartan, Stake & Betway: Top 2025 Crypto Gambling Prizes

Spartan’s $250K Lambo Challenge Tops 2025’s Crypto Gambling Prize War with Stake & Betway Crypto…

1 day ago

SharpLink’s Ethereum Accumulation Hits High Top With Staking Strategy

SharpLink is leaning hard into Ethereum. They buy. They stake. They hold. Ethereum currently trades…

2 days ago

Cardano Price Prediction: Is a Return to $2 Imminent or Just a FOMO Fantasy?

After months of consolidation, Cardano (ADA) is regaining investor attention thanks to renewed forecasts projecting…

3 days ago

Bitcoin and Ethereum Whales Quietly Accumulating—What Does This Mean for the Market?

Whales are back—and this time, they’re not making noise. Despite the relative calm in prices,…

3 days ago