Gold Stalls Near Record Highs as Bitcoin Surges to New 2021-2022 Peaks
• Gold futures (GC=F) down about 1% today after initially spiking to a record high on Monday • Gold has been range-bound for years and needs a catalyst to break out and see momentum to the upside • Bitcoin (BTC-USD) up over 12% in the last 7 days, with other cryptos like Ethereum and Solana also seeing gains • Bitcoin has entered prior high territory from 2021-2022, with very strong momentum that could take it considerably higher • Bitcoin unlikely to see much consolidation given current momentum, although the path higher will likely be volatile