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3 Ways US Fed Printing Is Fueling Huge Gold, Silver and Bitcoin Rally

Published 08/05/2020, 05:18 PM
Updated 08/05/2020, 07:00 PM
3 Ways US Fed Printing Is Fueling Huge Gold, Silver and Bitcoin Rally

The prices of gold, silver, and Bitcoin (BTC) are all rallying in tandem, as various macro factors boost alternative assets. As gold rose to a new all-time high at $2,055, BTC rallied to $11,715 on the day, recording a 4.28% increase.

As the three assets see stronger momentum altogether, there are three factors to consider. These are: gold’s correlation with Bitcoin, the effect of the declining U.S. dollar on alternative assets, and increased liquidity stemming from aggressive monetary policies from central banks.

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