Gold Declines Nearly 20% from January Record Amid Tighter Rate Expectations

Gold has experienced a significant decline, falling nearly 20% from its record high in January. According to NS3.AI, this downturn is attributed to tighter rate expectations and higher inflation forecasts. Meanwhile, Bitcoin is reported to be in a liquidity-adjusted consolidation phase, reminiscent of its performance in 2024. The analysis suggests that Bitcoin is currently retesting prior cycle highs when adjusted for M2 money supply.