Gold prices have dropped nearly 5% while Bitcoin surged 30% following the recent U.S. election. This market shift is attributed to expectations of Republican policies potentially driving economic growth and inflation. While gold’s decline is linked to a strengthening U.S. dollar, Bitcoin’s rise is fueled by its appeal as a hedge against inflation and its growing acceptance in mainstream finance.
Gold poised for weekly loss as US delays decision on Middle East involvement
Gold prices remained stable on Friday but are set for a weekly loss as President Trump delayed a decision on intervention in the Israel-Iran conflict.