Precious metals continue to lose significantly in value.
Gold (due to the hawkish stance of the US Federal Reserve and a stronger dollar) fell below $4,000 an ounce for the first time since November.
That was more than 30 percent off the January peak. Even greater fluctuations can be seen in silver. Cryptocurrencies are also not finding new momentum.
Crypto faced a harsh reality this month. The fairy tale of bitcoin as ‘digital gold’ is officially over.
It behaves like a very volatile technology stock and has fallen below $60,000, SEEbiz reports. Institutional money is currently rapidly fleeing bitcoin ETFs and into US Treasuries yielding 4.5 percent.”
