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Gold outperforms Bitcoin as weak US jobs data and softer dollar boost demand for gold.

Market News
09 Aug 2026
Coinpaper
View Source
Neutral
pluang ai news

Gold prices surged over 7% last week, reaching a seven-week high due to weaker-than-expected US jobs data, falling Treasury yields, and a softer dollar. These factors reduced expectations for a Federal Reserve rate hike, making gold more attractive compared to Bitcoin, which is showing relative weakness against gold in technical charts. The BTC/GOLD ratio indicates Bitcoin may remain weak until late 2026, with key support levels needing to hold for any recovery. Investors are watching upcoming US inflation data for further market direction.

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Bitcoin nears $65.4K resistance, eyes $70K breakout amid key support at $63.8K

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XRP expected to hold above $1 with potential bullish shift signaled by monthly buy indicator.

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Litecoin price rebounds near $46, eyes $47-$48 resistance zone for potential breakout.

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