Metals & Macro Liquidity

Bitcoin’s purchasing power relative to gold climbed to 18.17 on Sept. 6, its highest level since January 2026, meaning one bitcoin can now be exchanged for more than 18 ounces of gold. CoinDesk said the driving force was investors’ concerns about the sustainability of global government debt. U.S. Treasury Secretary Scott Bessent said bluntly at the G20 finance ministers’ meeting: “The world is awash in debt, and our only way out is to grow our way out of it.” Bitcoin-to-Gold Ratio at 18.17, Sett

Spot gold touched $4,400 per ounce today (September 7), declining 0.70% during intraday trading.

Sept. 7, Bitcoin recovered to above $80,000, still about 37% below this year's all-time high. Meanwhile, US federal debt has exceeded $40 trillion, the fiscal deficit remains at about 6% of GDP, and long-term borrowing costs remain high. BloFin analysts said in a report that the “currency debasement trade” has not failed but has entered its second phase: the drivers have shifted from simple debt expansion to market assessments of whether the government will take action to lower borrowing costs.

Shanghai silver futures main contract fell over 2% during intraday trading today, closing at 15,982 yuan per kilogram.

On Monday morning (Sept 7), Shanghai Gold Exchange Gold T+D dropped 1.61% to 951.16 yuan per gram at market opening, while Silver T+D fell 1.46% to 16,010 yuan per kilogram.

Spot platinum declined 0.08% while spot palladium gained 0.10% as of 8:30 AM Beijing time on September 7.

According to Korean Economy TV, stronger-than-expected U.S. employment data over the weekend lifted market expectations for a Fed rate hike in September to 60% from 49%, pressuring risk assets. Bitcoin tumbled to $79,000 before recovering to test $80,000, while gold dropped below $4,500 per troy

Gold prices fell over 2% intraday today following renewed expectations that the Federal Reserve will raise interest rates in September. The retreat came as fresh non-farm employment data bolstered rate hike

River, a Bitcoin-centric financial services firm, reported that Bitcoin now accounts for approximately 1.7% of a combined global money basket totaling around $138 trillion. The firm calculated that BTC's market capitalization reached roughly $2.4 trillion at its peak, representing about 1.7% of

According to BlockBeats, U.S. and Canadian equity markets will close on September 7 (Monday) due to the Labor Day holiday. CME precious metals and U.S. crude oil futures contracts will end trading early at 02:30 Beijing

According to The Kobeissi Letter, Bitcoin and gold prices' 90-day correlation has risen to +0.50, nearly matching the 2020 pandemic high. The metric has more than doubled since the start of the year, marking a significant shift in asset correlation patterns.

According to Bitwise, on Sept 6, Bitcoin and gold's 90-day correlation reached a six-year high. Bitcoin surged 22.4% over one week, marking its largest weekly gain since March 2024, while gold rose approximately 5% and equities declined. The correlation pattern mirrors conditions from 2020, when

According to Cathie Wood on X this week, Bitcoin is decoupling from gold while companies embracing AI are accelerating job creation, signaling stronger real economic growth and a powerful deflationary cycle driven by technological progress. The market is still pricing according to the "old

Bitcoin's correlation with gold surged to approximately +0.50 over the past 90 days, marking its highest level since the pandemic and a six-year high, according to analysis from Bitwise Asset Management and Bloomberg data highlighted by The Kobeissi Letter. This shift coincided with the U.S.

According to Kobeissi Letter citing Bitwise Asset Management and Bloomberg data, over the past 90 days, Bitcoin's correlation with gold surged to approximately +0.50, marking its highest level since the pandemic. During the same period, Bitcoin's correlation with the Nasdaq 100 declined to +0.30, th

Investors are turning to gold investment as domestic and international stock market volatility increases. Gold prices rose nearly 10% over the past month, drawing investor attention. Domestic and international investment institutions forecast continued gold price increases in the near term. The pric

Over the weekend, tensions escalated in the Middle East following an attack on an oil tanker near Hark Island. France completed its domestic gold reserve repatriation initiative. South Korea reported first-half exports hit a record high, while China's August logistics demand maintained expansion

According to De Nederlandsche Bank's official announcement, the Dutch central bank recently relocated approximately 86 tonnes of gold from North America to London. Notably, about 59 tonnes were sold in New York and repurchased in London without physical movement across the Atlantic. Ripple CEO

According to Jin10 Data, France completed the full repatriation of its official gold reserves to domestic territory earlier this year, clearing all holdings previously held in U.S. custody. The move achieved standardization of reserve gold quality and specifications. Paris School of Economics

According to Bitwise, Bitcoin surged 22.4% in the past week, its largest single-week gain since March 2024, while gold rose about 5% and equities declined. Bitwise Europe research head André Dragosch noted in a client memo that the 90-day correlation between Bitcoin and gold has reached its