Bitcoin price action sank to one-week lows ahead of US CPI data, while retail investors piled into gold ETFs and XAU/USD hit its highest levels in nine weeks. Bitcoin (BTC) headed lower around Tuesday’s Wall Street open as investors’ appetite for gold sent the precious metal to nine-week highs. Key resistance near $66,000 keeps BTC price action in check ahead of the US CPI inflation print. As uncertainty grew, new data showed increasing demand for safe haven gold, which hit $4,435 per ounce on Tuesday, its highest level since June 5. “Bitcoin–gold correlation is back to digital-gold-era levels,” CEO Ki Young Ju wrote as an annotation to his data infographics on X.Bitcoin-gold 90-day correlation data.