OrovsCripto
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"Gold prices reversed losses"
#OrovsCripto
According to Odaily, gold prices reversed previous losses on Monday, rising nearly 1% to $3,349 per ounce during the U.S. trading session.
This increase followed a prior decline of 1.8%, driven by bargain hunting as the market focused on trade developments and various economic data.
Daniel Ghali, a commodities strategist at TD Securities, noted early signs of exhaustion in the selling momentum, suggesting that the downside risk for gold is extremely limited.
Ghali highlighted that Western investors, particularly independent traders or macro funds, were significantly under-invested during the previous gold rally, resulting in limited selling activity and contributing to the price increase.
$BNB
#OrovsCripto
According to Odaily, gold prices reversed previous losses on Monday, rising nearly 1% to $3,349 per ounce during the U.S. trading session.
This increase followed a prior decline of 1.8%, driven by bargain hunting as the market focused on trade developments and various economic data.
Daniel Ghali, a commodities strategist at TD Securities, noted early signs of exhaustion in the selling momentum, suggesting that the downside risk for gold is extremely limited.
Ghali highlighted that Western investors, particularly independent traders or macro funds, were significantly under-invested during the previous gold rally, resulting in limited selling activity and contributing to the price increase.
$BNB
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#OrovsCripto Crypto or Gold: Where to Trust Your Money?
Trump's plan could mark a turning point in the adoption of cryptocurrencies by governments. However, the fundamentals of gold remain intact: it is tangible, does not depend on technology, and has protected wealth for centuries.
While cryptos may offer opportunities, history has shown that gold remains the true store of value in times of economic uncertainty. What do you think is the best option for you?
Trump's plan could mark a turning point in the adoption of cryptocurrencies by governments. However, the fundamentals of gold remain intact: it is tangible, does not depend on technology, and has protected wealth for centuries.
While cryptos may offer opportunities, history has shown that gold remains the true store of value in times of economic uncertainty. What do you think is the best option for you?
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#OrovsCripto Gold: The store of value that transcends time
Despite the rise of cryptocurrencies, gold remains the most reliable asset for investors and central banks. Its stability and resistance to manipulation set it apart from digital assets.
Security against volatility: Unlike Bitcoin, gold does not rely on digital networks, cannot be hacked or electronically confiscated. Its physical existence provides a stability that cryptocurrencies have yet to achieve.
Protection against inflation and debt: The U.S. debt exceeds $36 trillion, with annual interest payments of over $1 trillion. In a scenario where the dollar loses purchasing power, gold maintains its value as a refuge during economic crises.
Central banks know this: While the U.S. is considering investing in cryptocurrencies, central banks continue to accumulate gold. In the last three years, more than 1,000 metric tons have been added to national reserves. Countries like China, India, and Poland are leading this strategy.
Despite the rise of cryptocurrencies, gold remains the most reliable asset for investors and central banks. Its stability and resistance to manipulation set it apart from digital assets.
Security against volatility: Unlike Bitcoin, gold does not rely on digital networks, cannot be hacked or electronically confiscated. Its physical existence provides a stability that cryptocurrencies have yet to achieve.
Protection against inflation and debt: The U.S. debt exceeds $36 trillion, with annual interest payments of over $1 trillion. In a scenario where the dollar loses purchasing power, gold maintains its value as a refuge during economic crises.
Central banks know this: While the U.S. is considering investing in cryptocurrencies, central banks continue to accumulate gold. In the last three years, more than 1,000 metric tons have been added to national reserves. Countries like China, India, and Poland are leading this strategy.
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