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Gold Rate Gold becomes cheaper due to recession in global market know what is the price in your city
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What Happened: Schiff said on Twitter that those BTC pumpers who claim that BTC is better than gold because its price has risen more than gold “must now concede that Dogecoin is better than Bitcoin.”
Schiff said that BTC has lost 97% of its value versus DOGE adding, “The market has spoken. Dogecoin is eating Bitcoin.”
As of the start of 2021 DOGE has risen 7,724.77%, BTC has risen 88.64%, and Spot Gold has fallen 6.76%.
DOGE traded 22.88% higher at $0.38 on a 24-hour basis, Bitcoin was down 1.35% at $55,044.37. Spot Gold was down 0.008 at $1,770.04 per ounce.
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Schiff had a stark warning for so-called Bitcoin holders investors who adopt a buy and hold strategy.
What Happened: Schiff said on Twitter that those BTC pumpers who claim that BTC is better than gold because its price has risen more than gold “must now concede that Dogecoin is better than Bitcoin.”
Schiff said that BTC has lost 97% of its value versus DOGE adding, “The market has spoken. Dogecoin is eating Bitcoin.”
As of the start of 2021 DOGE has risen 7,724.77%, BTC has risen 88.64%, and Spot Gold has fallen 6.76%.
DOGE traded 22.88% higher at $0.38 on a 24-hour basis, Bitcoin was down 1.35% at $55,044.37. Spot Gold was down 0.008 at $1,770.04 per ounce.
See Also:
Schiff had a stark warning for so-called Bitcoin holders investors who adopt a buy and hold strategy.
Gold firms near 7-week high on weaker dollar, lower yields
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Last Updated: Apr 19, 2021, 07:45 AM IST
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Synopsis
The dollar index was languishing near a one-month low against its rivals, making gold less expensive for other currency holders.
Agencies
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FUNDAMENTALS
Spot gold was up 0.3% at $1,781.75 per ounce by 0056 GMT, after hitting its highest since Feb.25 at $1,783.55 on Friday. U.S. gold futures edged 0.2% higher to $1,783 per ounce.
The dollar index was languishing near a one-month low against its rivals, making gold less expensive for other currency holders.
Benchmark U.S. 10-year Treasury yields edged lower towards multi-weeks low touched last week. Low bond returns reduce the opportunity cost of holding non-yielding bullion.
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