Gold Hits Record High, Bitcoin tops 110.000 USD, da Händler Wetten auf Fed -Kürzungen erhöhen

tldr; Gold hit a record high of $3,508, and Bitcoin surpassed $110,000 as traders anticipate a Federal Reserve rate cut in September, with a nearly 90% probability assigned to the move. The surge in gold and crypto markets reflects expectations of easing monetary policy. Bitcoin’s rise also lifted other cryptocurrencies, with Ethereum and Solana gaining. Analysts suggest Bitcoin may see a short-term dip before another rally. Upcoming U.S. economic data, including the August jobs report and inflation figures, could further influence Fed policy expectations.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Crypto raises because people expect increased foolish spending by retail and institutions because of cheaper money.

Gold raises because people recognize it’s too soon to raise rates, and this will only lead to more inflation and a weaker dollar.