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Gold Price Prediction as Tom Lee Says Metals Rally Could Hit Crypto
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The gold price has been on a rip in recent weeks as investors flee to safe-haven assets amid ongoing macroeconomic uncertainty and geopolitical turbulence.
In the past 24 hours, gold went on to set yet another all-time high (ATH) above $5,598.
Sellers have since re-entered gold’s order books, however, which could see the precious metal’s price re-enter the channel in the next 24 hours.
“Rolling Feast” Around Precious Metals Could Soon Come to CryptoAs indicators suggest gold’s rally may undergo a brief pause, Bitmine Chairman Tom Lee says that the capital injection into precious metals could soon make its way to crypto.
Meanwhile, the MACD line recently crossed below the MACD Signal line.