Gold loses more shine on US debt auction

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 :)

 

 

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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. 

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