Gold And Bitcoin Enter Critical Market Phase Amid Economic Factors

According to Odaily, 10x Research has highlighted a pivotal moment for gold and Bitcoin in the market. Gold has rebounded near its historical highs, while Bitcoin maintains a bullish trend. This optimism is driven by easing inflation concerns, lower-than-expected tariffs, and dovish remarks from the Federal Reserve. Last October, just before Trump's election, gold prices halted their upward momentum and entered a consolidation phase. This was attributed to potential inflation pressures from Trump's proposed immigration and tariff policies, along with his commitment to replenish strategic petroleum reserves, which economists predicted could elevate inflation expectations. Currently, Trump's announced tariff policies are milder than anticipated, and Federal Reserve Governor Waller adopted a dovish stance last week. These solid macroeconomic reasons support gold's return to historical highs and Bitcoin's continued rise. These factors, along with last week's CPI data, are key considerations for a more optimistic outlook on the current market scenario.