Gold loses more shine on US debt auction

[Blockchainbull + 26]

Gold has dropped for three sessions in a row, and analysts expect further drops ahead of US $258-billion debt auction. Looking at gold prices around $1300/oz. That's still better than last year, I guess. But it's not bitcoin

 

 

[TraderTate + 186]

Haha. Yeah, I guess gold is more like ... bitcoin cash right now. I know there are fears about political instability around the US bond auctions bringing gold down, but it's also a stronger dollar and rising interest rates.