"After an initial upset, gold prices seem to be holding steady and trending higher amid what appears to be the worst of the tech-driven AI decline. Undoubtedly, it's hard to tell what's next for markets as the AI trade pulls the brakes by a bit, but with the crypto markets also nosediving alongside some of the more speculative tech plays in the market, one has to think that crypto investors are ready to rotate into something else, something safer, like gold."
"Undoubtedly, cryptocurrencies, such as Bitcoin ( CRYPTO:BTC), might be a great alternative store of value when all is well and the markets are in full-on bull mode. In a way, it's like gold on steroids when the market is going up. That said, when markets retreat, Bitcoin has also faced significant selling pressure, and this November nosedive in the stock and crypto markets has proven no different."
"With the CNN Fear & Greed Index recently plunging to six (in a scale out of 100), the lowest I've seen it since the depths of April and the worst of the spring selling season on the back of tariff tremors, perhaps rotating towards safety isn't such a bad idea. Arguably, the price of admission into gold is in a good spot after spot prices took a tumble back in October."
Gold prices stabilized and began trending upward after an initial drop during the tech-driven AI decline. Crypto markets plunged alongside speculative tech stocks, prompting potential investor rotation toward safer assets such as gold. Bitcoin can act as a high-beta store of value during bull markets but has suffered heavy selling during retreats, including the November nosedive. Fear indicators, exemplified by a CNN Fear & Greed Index reading of six, signal elevated market anxiety. Spot gold prices tumbled in October, making current gold exposure potentially more attractive. Multiple gold investment avenues include miners, ETFs, bullion, and streaming companies.
Read at 24/7 Wall St.
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