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Gold rallies above $4,100 as Bitcoin struggles below $65K amid weaker dollar and cautious investors.

Market News
05 Aug 2026
FXEmpire
View Source
Neutral
Gold rallies above $4,100 as Bitcoin struggles below $65K amid weaker dollar and cautious investors.

Gold prices rose above $4,100 supported by a weaker US dollar and lower oil prices, which reduced expectations for a Fed rate hike. Meanwhile, Bitcoin remained below $65,000, facing pressure from corporate selling and cautious market sentiment. Gold continues to be viewed as a safer asset during uncertainty, while Bitcoin's recovery depends on breaking key resistance levels above $67,300. The Bitcoin-to-gold ratio remains at critical support, indicating gold's current dominance as a defensive investment, though Bitcoin holds long-term potential if market conditions improve.

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