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Gold and Bitcoin rebound, ETFs offer commodity and crypto exposure
Gold gained more than 17% from its mid-July year-to-date low, while the dollar is down 13% from a five-year high.
Gold and Bitcoin have been rebounding after recent sell-offs, with exchange-traded funds giving investors a more direct way to add commodity and digital asset exposure via public markets, according to MarketBeat Ratings.
The piece notes that gold surged more than 156% from January 2024 to an all-time high earlier this year, before pulling back. From its January high to its mid-July year-to-date low, gold fell more than 25%, citing profit-taking alongside market unease after President Donald Trump appointed Kevin Warsh as a new Federal Reserve chair, a move viewed as more hawkish as inflation stayed above the central bank’s target.
MarketBeat Ratings also points to surging bond yields as an incentive for income-focused investors to rotate away from safe-haven holdings like gold. It adds that in Q2, gold posted its worst quarterly performance since 2013, though structural tailwinds remain, including heightened uncertainty tied to the United States and Iran conflict and a U.S. dollar that is near multi-year lows.
For the rebound story, the outlet says gold has risen more than 17% from its mid-July year-to-date low and is now about 13% below its all-time high, while pointing investors toward ETF options such as VanEck Gold Miners ETF and iShares Bitcoin Trust ETF for access to the assets.
Latest closeGold $4,432.00 ▲1.6%|Bitcoin $78,412.16 ▼0.2%