Posted 12 February 2021 - 11:05 PM
Kitco:
Gold: competition with bitcoin heating up
With investor confidence running high at the moment, there isn't much demand for defensive havens," said Colin Cieszynski, chief market strategist at SIA Wealth Management. "On top of this, traders seeking an alternative to the U.S. Dollar appear to be more focused on Bitcoin and other cryptocurrencies rather than precious metals."
This week, 14 Wall Street analysts participated in the survey. A total of 10 voters, or 71%, called for gold prices to fall next week
If gold price can't hold $1,800, major selloff could be next
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