PANews
PANews|11月 03, 2026 10:23
[Gold and Bitcoin Weakened in October, Dollar Regains Safe-Haven Status] Bloomberg columnist Jonathan Levin wrote that the US dollar performed best among safe-haven assets in October, while gold and Bitcoin weakened during the same period. The article mentions that current geopolitical risks remain: France is experiencing turmoil due to deteriorating fiscal conditions, significant political changes are possible in the US and Israel, the Iran-Iraq war continues, attacks on oil tankers in the Strait of Hormuz are increasing, and Houthi attacks on Saudi Arabia have occurred. The author believes that the "dollar devaluation trade" previously advocated by Bridgewater Associates founder Ray Dalio and Citadel founder Ken Griffin may have ended. The logic behind this trade is that investors will sell dollars and turn to alternative assets such as gold and Bitcoin.
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