Is Gold on the Verge of a New Bull Market?

Gold Has Increased in Value by %60 Since New Year

Gold has gained more than %60 in value since the beginning of the year, surpassing the level of $4,340 per ounce. This performance has outperformed both the M2 money supply and the value of Bitcoin.

Bitcoin Market Cap Approaches

Bitcoin is approaching a market cap of $2 trillion, with a 365-day moving average estimated at $100,000. However, Bitcoin is currently below its all-time high against gold by (%40).