Gold Outshines Bitcoin: Peter Brandt Highlights a Long-term Trend

Key Points

1. Peter Brandt, a veteran in the financial sector, shared a weekly chart showing gold (XAU) outperforming Bitcoin (BTC) over a significant period.

2. Gold reached $3,407, a two-week high, driven by expectations of U.S. Federal Reserve rate cuts and safe-haven demand.

3. The precious metal hit an all-time high of $3,500 on April 22 following U.S. tariff announcements, though momentum later faded.

4. Gold has risen 29% since the start of the year, while Bitcoin's performance has lagged, with its latest peak at $122,838 in July.

5. Analysts like McGlone and Timmer have expressed caution about Bitcoin, noting its volatility and correlation with traditional markets.