🔥Gold, silver, and Bitcoin are falling. What is the safe haven now? 👀
The price of the main
#activos "safe haven" assets in the market showed a weakening in price on Thursday, as conflicts in the Middle East intensify.
#inversores remain cautious about a possible change in the decisions of the Federal Reserve.
The price of
#oro fell more than 6%, settling very close to $4,600 per ounce, while silver and copper have dropped 13% and 5% respectively. On the other hand, "digital gold" (
#bitcoin ) also took a hard hit, falling below $70,000.
Some experts indicate that it is normal for geopolitical risk in the Middle East to support gold prices (mainly), however, there are forces that counteract this, one of which could be the rise in oil prices.
What does the rise in oil prices have to do with it?
It's very simple, inflation remains latent with the rise in oil prices, which causes both the Federal Reserve and other central banks not to lower interest rates, leading to increased long-term bond yields, making non-yielding assets, such as gold and other metals, less favorable. Bitcoin also does not benefit from interest rate hikes caused by uncontrollable inflation.
Do you think the market will have a clearer outlook if the conflict in the Middle East ends?
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