The price of gold is close to its highest levels at all as tensions are escalating in the Middle East, but analysts say they doubt that Bitcoin will do like investors a priority for other safe assets.
The price of gold rose to $ 3450 an ounce on Monday, which is only $ 50 of its highest level ever, less than $ 3500 in April, According to To TradingView.
Slownesses to slowly gained 30 % since the beginning of the year, which is stimulated by the commercial tariffs of US President Donald Trump, and recently the escalation of military action in the Middle East after an Israeli missile strike on Iran on June 13, causing bitcoin low prices.
Gold prices have also been linked to inflationary pressures, as they are considered a safe haven and an inflation of inflation by investors.
“If the additional data or comments made by economic officials indicate a broader concern about the inflation policy or interest rate, this price may easily lead to a new area and a record”, CBS News I mentioned During the weekend.
Will Bitcoin follow her example?
Relatively, Bitcoin (BTC) has gained only 13 % from year to date. He also joked with his highest level ever, and trades by 5.3 % less than the height of $ 111,800 he reached on May 22.
However, Ig Markets Tony Sycamore Cointelegraph analyzed that Bitcoin is still trading more as the origin of risk closer to American stocks rather than a safe haven like gold.
“In this sense, with the recovery of futures in stocks strongly today from the sale of Friday, there is a field for bitcoin to move above and play some equality in stocks.”
He added that, providing support, which exceeds 95,000 dollars to $ 100,000, “I expect a re -test of $ 112,000 before moving towards an area of $ 116,000 and 120,000 dollars.”
Short -term gains for oil and gold
“We are witnessing a recovery in the future of stocks as well as in Bitcoin after a preliminary sale on Friday news related to the Middle East,” Henrik Anderson, Apollo’s encryption analyst, feelings, and told Cointelegraph.
Related to: What would the price of bitcoin if the gold is up to 5 thousand dollars?
However, he added that in the short term, oil and gold may continue to move in the opposite direction of stocks and bitcoin.
LVRG Nick Rock Research Director was a similar opinion. He told Cointelegraph, that the narration of “bitcoin” is fading slowly “because it is struggling to reverse the gold gathering,” with a focus instead on the short -term liquidity conditions, which makes BTC more related to the origins of risk than safe havens. ”
We look forward to the federal reserve meeting
“If the risk morale transformations and investors search for valuable alternative stores, Bitcoin may see a renewed momentum in the coming weeks if the Federal Reserve meeting this week is as expected for investors,” said Eugene Chiong, chief trading official at the OSL digital asset platform.
The markets are looking for a policy meeting in the United States for politics and its decision on Wednesday, but future markets are still Predispay There is no change in rates at the next meeting, with a possibility of 96.7 % of them remain in 4.25-4.50 %.
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