RATE Group | Where are gold and bitcoin prices headed, and which will perform better?
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Where are gold and bitcoin prices headed, and which will perform better?

18 Nov Where are gold and bitcoin prices headed, and which will perform better?

Posted at 20:53h in Bitcoin News by

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(Kitco News) – The future of both bitcoin and gold depends on the outcome of the trade wars, according to Clem Chambers of Investorshub.com.


“It’s all down to President Trump and President Xi in China, because gold and bitcoin are basically flight capital and when you look at the relationship between China and America, if you were in China and you thought China wasn’t going to get a trade deal, you’d be seeing that what was going to happen next will be devaluation of the yuan,” Chambers told Kitco News. “If they devalue the yuan, and you’ve got a stack of yuan, you’ve just lost a lot of money.”


Both bitcoin and gold have seen lackluster price performances in November. Bitcoin is down 18% from its late October highs, and spot gold is down 3% during the same…

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