The U.S. added over 943,000 jobs in July, according to the Aug. 6 jobs report — a sign that the economy is on its way to recovering from the 2020 shutdowns.
That expected growth sparked a colossal sell-off in gold with some major margin calls over the weekend.
Prices broke below $1,800 an ounce all the way down to $1,677.90 — the lowest prices seen in more than four months.
Meanwhile, these past few sessions were as kind to Bitcoin as they were cruel to gold.
Prices broke over 6.5% Monday and moved above the $45,000 mark for the first time since the crypto collapse in mid-May.
So today, we’re going to drill down into these moves, see how the Bitcoin and gold relationship correlates and then use that information to trade it.
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The Biden administration announced it’s signing a new executive order that will push sales of electric vehicles to 50% of all new vehicles sold by 2030. It might feel like a big win for EV makers like Tesla, but do the numbers back it up?
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