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Gold slide may spill into cryptocurrencies as rising real rates tighten liquidity

Gold has fallen about 28 percent from its January peak to around $4,030 an ounce, and analysis says cryptocurrencies are facing similar liquidity pressure. Rising U.S. real interest rates and a stronger dollar have increased the appeal of cash and Treasuries, weighing on non-yielding assets such as gold and bitcoin. Some banks have cut gold forecasts, though central bank buying and stabilising ETF holdings remain supportive.