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A commodity strategist has warned that Bitcoin’s (BTC) recent surge, which started in late 2024, may be losing momentum despite market expectations for a continued rally toward $100,000. Bloomberg Senior Commodity Strategist Mike McGlone warned that Bitcoin could experience a major correction toward $10,000, comparing its current trajectory to past speculative bubbles, he said in an X post on March 14. Peak crypto bubble vs gold ETF. Source: Bloomberg Intelligence McGlone cited several factors that could weigh Bitcoin’s price, including rising gold prices, shifts in risk sentiment, and broader macroeconomic conditions.  Picks for you Expert identifies Solana's path to $4,000 3 hours ago 2 cryptocurrencies to reach...

Gold prices spiked nearly 40% in the last six months and rallied hard in the charts this year. The precious metal is attracting heavy bullish sentiments with both retail and institutional holders investing heavily across the globe. The XAU/USD Spot Gold prices is now hovering around the $2,355 mark on Wednesday after hitting a day’s high of $2.363. It surged by more than 2 points on Wednesday with a spike of 0.08% in the indices. Also Read: BRICS: 2 New Countries Express Interest To Join the Alliance Source: Investing.com A Target of $2,500 On the Cards For Gold Prices Source: Fortune.com / Anthony Bradshaw / Getty Images A new target for the XAU/USD Spot Gold prices is set at $2,500 this month in April 2024. Several analysts indicate that GOLD prices could breach the $2,500 mark before retracing in price to the current level. That’s an uptick and return on investment (ROI) of approximately 6% from its current price of $2,355. Also Read: BRICS Alternative To...

After a tumultuous month in February, GOLD prices breached the $2,030 mark on Thursday rising by 5 points in 24 hours. The XAU/USD charts remained on the back foot showing little to no price spurts in the indices. Gold’s rise comes at a time when the US dollar index (DXY) saw a slump this week. The US dollar index stood tall at 104.80 but dipped to 103.70. While GOLD is benefiting, the US dollar and the broader commodity markets, including oil prices are taking a hit. Also Read: Warren Buffett Invests Nearly 50% of His Portfolio in Only 1 Stock Source: MarketWatch Why Are Gold Prices Rising? Source: Dailyfx.com Gold prices inched forward today as investors await the Fed minutes meeting. The Fed meeting influences the US dollar prices as markets believe the Federal Reserve will pause interest rate hikes. Predictions are doing the rounds that the Feds will not initiate rate cuts in March but might do it in June or July. Commodity traders are speculating that the Feds might ...

The price of gold climbed from a low of $1,978 and touched a high of $2,005 in November this month. Gold prices spiked double digits in three weeks going up by 18% in the charts. The precious metal is now at its March 2023 high and is attracting bullish sentiments in the indices. Gold is unable to hold above $2,000 leading to bearish price prediction. However, GOLD faced rejection twice this month after climbing above the $2,000 mark. It slipped in price minutes after touching $2,005 on Wednesday and is now trading at $1,995. The yellow metal is finding it hard to break the $2,000 resistance mark opening the door for a price dip. Also Read: Gold To Become Expensive & Reach $3,000: Best Time To Invest? Source: Investing.com Gold Price Prediction: A Dip Might Be on the Cards After $2,000 Rejection Source: Freepik.com Gold rallied hard this month and a rejection at the $2,000 level indicates there’s room for a downward trajectory. Investors are indulging in profit b...