Bitcoin is Rising, Gold is Experiencing Profit Realization

Gold Rally Comes to an End

Gold prices saw an end to an eight-week winning streak as investors took profits. Gold, which has declined by more than 6% from its all-time high, lost value primarily due to ETF outflows and decreasing US-China trade tensions.

Bitcoin Continues to Show Value Increase

Bitcoin gained over 5% in value last week, surpassing a one-month tight range. Notably, the ratio between Bitcoin and gold reached the highest selling level in the last three years, drawing increased interest from investors towards Bitcoin.

Federal Reserve Decisions Awaited

In the markets, uncertainty prevails ahead of the Federal Reserve's policy decisions in October, with the results from high-income companies and the summit between Donald Trump and Xi Jinping also standing out as focal points for the markets.