Gold Rally Takes Breather in Boost for BTC Bulls

News Snapshot:

Gold’s record-breaking run took a breather this week, snapping an eight-week winning streak as traders took profits ahead of the Federal Reserve’s October policy decision. The retreat has eased safe-haven demand and, for the first time in weeks, tilted some attention back toward risk assets including bitcoin BTC$ 113,751.19. Spot gold fell more than 6% from its all-time high above $4,380/oz touched on Monday, settling near $4,120 by the weekend. The pullback was driven by profit-taking, heavy exchange-traded fund (ETF) outflows, and a shift in tone around US–China trade relations. Officials from both countries said they reached a “preliminary consensus”...