Gold edges higher despite hotter US inflation, Trump–Xi summit in focus

The post Ray Dalio: Why Bitcoin Has Not Lived Up to Its Safe-Haven Reputation appeared on BitcoinEthereumNews.com. TLDR: Dalio warns Bitcoin’s publicly visible transactions make it an unsuitable reserve for central banks. Bitcoin’s high correlation with tech stocks weakens its role as a hedge during market downturns. Investors tend to sell Bitcoin first when under portfolio pressure, reducing its safe-haven appeal. Gold’s centuries-old track record and broad institutional ownership keep it ahead of Bitcoin globally. Bitcoin has yet to establish itself as a genuine safe-haven asset, according to Bridgewater founder Ray Dalio. The veteran investor pointed to the cryptocurrency’s lack of privacy and the potential for transaction monitoring. He also cited its high correlation with technology stocks during periods of market stress. Dalio argued that gold holds a more central and trusted role in the global financial system. His remarks come as debate over Bitcoin’s place in global portfolios

Also in today’s newsletter: US Treasury secretary meets Japanese PM, and US inflation jumps to 3.8%

The post Gold Under Pressure As Hotter US Inflation, Rising Treasury Yields Boost Dollar appeared on BitcoinEthereumNews.com. Gold Under Pressure As Hotter US Inflation, Rising Treasury Yields Boost Dollar Skip to content Home Forex News Gold Under Pressure as Hotter US Inflation, Rising Treasury Yields Boost Dollar Source: https://bitcoinworld.co.in/gold-under-pressure-us-inflation-treasury-yields-dollar/

The post Indian Rupee: India weighs FX defence as Oil rises – BNY appeared on BitcoinEthereumNews.com. BNY’s Bob Savage reports India is considering emergency steps to protect foreign exchange reserves as higher Oil prices widen the current account deficit. Measures under discussion include fuel price hikes, import restrictions on Gold and electronics, and tighter hedging rules. The Reserve Bank of India (RBI) has already intervened to stabilise the Indian Rupee (INR) after it hit a record low, with reserves near $691bn. Policy toolkit aimed at Rupee stability “India is considering emergency measures to protect foreign exchange reserves amid rising oil prices and a widening current account deficit.” “Proposed steps include hiking fuel prices for the first time since the Iran conflict began, restricting non-essential imports such as gold and electronic goods, and encouraging public fuel conservation.” “Prime Minister Narendra Modi has urged citizens to avoid gold purchases for a year an

The post VanEck sets Bitcoin price target for end of 2026 appeared on BitcoinEthereumNews.com. With Bitcoin (BTC) price having underperformed Gold (XAU) and the broader United States stock market in 2026, Matthew Sigel, the head of digital assets research at VanEck, has made a bold prediction. Bitcoin price could hit $160,000 if it reclaims its all-time high relative to gold, Sigel said. The prediction, analyzed by Finbold on May 12, is based on the BTC/XAU pair recovering to 35x, its previous peak, from its current level of 17.1x. Bitcoin / Gold Cross. US Stock Market Cap / GDP. Source: X Sigel highlighted that Bitcoin is cheap, as it has not followed the broader U.S. stock market. Furthermore, the ratio of the U.S. stock market cap and the country’s gross domestic product (GDP) recently rebounded to an all-time high (ATH). As such, Sigel suggested that BTC price could easily surge beyond his target, since the prediction is pegged on the flagship coin catching up to where equities are

The post Gold: Indian demand risks under Modi call – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank strategists highlight concerns from India’s jewellery industry about a potential further setback in Indian Gold jewellery demand, which is important for the physical Gold market. They note that Prime Minister Modi has urged Indians to avoid Gold purchases for at least a year to protect foreign exchange reserves. Strategists also flag the risk of higher import duties if this appeal fails. Indian jewellery demand faces fresh risks “Despite the recovery in oil prices, gold has almost managed to hold on to the gains made in recent days.” “Meanwhile, India’s jewellery industry fears a further setback in Indian jewellery demand, which is crucial for the physical gold market: Over the weekend, Prime Minister Modi called on Indians to refrain from gold purchases for at least a year in order to preserve the country’s foreign exchange reserves.” “Although India purchased significantl

Persistent inflation pressures, influenced by geopolitical tensions, may delay Fed rate cuts, impacting economic stability and market dynamics. The post April US inflation YoY, above expectations, complicates Fed rate outlook appeared first on Crypto Briefing.

The post Gold Price Forecast: XAU/USD slides to $4,700 ahead of US CPI data appeared on BitcoinEthereumNews.com. Gold (XAU/USD) shows moderate losses on Tuesday, trading a few pips below the $4,700 level at the time of writing after failing to find acceptance above $4,770 earlier on the day. The precious metal remains within previous ranges, but the risk has shifted to the downside as concerns about the US-Iran ceasefire and investors’ cautiousness ahead of the US Consumer Price Index (CPI) release are buoying the US Dollar (USD). US President Donald Trump warned earlier on Tuesday that the ceasefire is on “life support,” and CNN, citing some of his aides, has reported that the president would be seriously considering resuming combat operations. On the macroeconomic front, all eyes are on the US CPI release, due later on Tuesday. Consumer inflation is expected to have surged to a 3.7% annual rate in April, its highest level since September 2023, amid the energy shock from Iran’s war. I