Gold falters as macro pressures build, bitcoin holds liquidity trend

Rising real rates and inflation risks weigh on gold, while bitcoin continues to consolidate. What to know : Gold is nearing a technical bear market despite geopolitical tensions, as higher interest rate expectations and inflation pressures from rising oil prices reduce its appeal. On an M2 adjusted basis, gold is near historical peak levels, while bitcoin remains in a typical consolidation phase that has historically preceded new cycle highs.(Coindesk)