Safe Haven Asset

Gold remains caught between short-term pressure from a stronger US dollar, elevated Treasury yields and persistent longer-term demand. Traders are watching whether support can hold after the metal’s pullback from late August levels.

Gold remains caught between near-term pressure from a stronger US dollar and elevated Treasury yields, while longer-term demand continues to support the broader case for the metal. Traders are watching whether key support and resistance areas can define the next phase after the recent pullback.

Veteran trader Peter Brandt says he is considering selling some bitcoin to buy gold, arguing the metal may gain substantially against BTC. The view challenges a popular crypto-bull narrative that bitcoin’s underperformance could soon spark a rotation back into digital assets.