Gold has stopped, Bitcoin has started to rise.

Gains on Gold Come to an End

Gold prices' eight-week rally came to an end as investors realized profits. In markets preparing for the Federal Reserve's policy decision in October, spot gold prices fell more than 6% from their historic peak. This drop was supported by profit taking, outflows from exchange-traded funds (ETFs), and a decrease in US-China trade tensions.

Bitcoin Rises

On the other hand, Bitcoin prices increased by more than 5% last week. After moving within a certain range for a long month, Bitcoin broke out of this stagnation as the Bitcoin/gold ratio reached its most oversold level in three years. This situation indicates that investors' appetite for risk is reviving.