Rules of the game are changing and gold is taking advantage

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It's been a disorderly week for the markets as cryptocurrencies, supplies, and also commodities saw enormous selloffs. Yet one sector attracted attention, with gold coming close to the $1,900 an ounce degree.

Here's a consider Kitco's leading 3 stories:

3. Bitcoin saw its largest one-day loss because March of in 2015, going down to nearly $30,000 for the very first time because late January.

2. Gold is preparing for an outbreak above $1,900 while the crypto space, supplies, as well as products struggle. In general, gold is up greater than 6% over the last one month, increasing $200 since its base of $1,680 at the end of March.

1. The exodus from bitcoin is likewise assisting gold. JPMorgan says that some large institutional gamers are dropping bitcoin for gold.
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Rules of the game are changing and gold is taking advantage

It's been a chaotic week for the markets as cryptocurrencies, stocks, and even commodities saw massive selloffs. But one sector stood out, with gold approaching the $1,900 an ounce level.

Here's a look at Kitco's top three stories:

3. Bitcoin saw its biggest one-day loss since March of last year, dropping to nearly $30,000 for the first time since late January. https://www.kitco.com/news/2021-05-19/Crypto-price-collapse-Bitcoin-ethereum-see-biggest-one-day-losses-since-March-of-last-year.html

2. Gold is gearing up for a breakout above $1,900 while the crypto space, stocks, and commodities struggle. Overall, gold is up more than 6% over the last 30 days, rising $200 since its bottom of $1,680 at the end of March. https://www.kitco.com/news/2021-05-19/Stocks-commodities-crypto-plunge-as-gold-price-sets-aim-at-record-highs.html

1. The exodus from bitcoin is also helping gold. JPMorgan says that some big institutional players are ditching bitcoin for gold. https://www.kitco.com/news/2021-05-19/Reversal-of-money-flows-Big-institutional-players-exit-crypto-and-turn-to-gold-says-JPMorgan.html
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Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.