Gold has increased over 5% to 3,480 USD per ounce recently, nearing its all-time high. This surge highlights the impact of U.S. Treasury yield curve steepening on the market.
As both gold and Bitcoin (BTC) do not generate yields, the declining yields make holding these assets more attractive, suggesting potential price increases for BTC alongside gold.
Expectations of ongoing inflation are fostering bullish sentiments for both gold and BTC. Analysts believe the current financial dynamics are favorable for gold as a hedge against inflation, indirectly benefiting Bitcoin.
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