Hard Assets Trounce Fiat: Gold Up 32%, Silver 31%, Bitcoin 23% YTD as Dollar Sinks

Gold, silver, and Bitcoin surge as investors seek protection from dollar weakness. Markets see 90% chance of September Fed rate cut amid cooling inflation signals. U.S.-China trade talks and tech export deals may sway Fed policy direction ahead. Gold, silver, and Bitcoin are all posting massive year-to-date gains in what looks like a clear shift away from paper currency and toward hard assets. This trend is heating up as the U.S. dollar is under pressure ahead of a critical inflation data report later today that could influence the Federal Reserve’s next move on interest rates. Commodities Outshine as Currency Loses Ground According to CryptoQuant recent market data, gold is up 32.47% this year, with silver close behind at 31.77%. Bitcoin, despite its recent volatility, has climbed 23.34%. In sharp contrast, the U.S. dollar has lost 9.53% of its value over the same period. https://twitter.com/cryptoquant_com/status/1955195670945534205 On Monday, gold traded at $3,346.71 per ounce, edging up by $2.60. Prices fluctuated between $3,344 and $3,356 during early trading. Silver stood at $37.75 per ounce, adding $0.06 and showing mild intraday volat… The post Hard Assets Trounce Fiat: Gold Up 32%, Silver 31%, Bitcoin 23% YTD as Dollar Sinks appeared first on Coin Edition .

Source: Coin Edition