A bullish comment on gold by a top Bloomberg Intelligence analyst could leave Bitcoin in a similar upside spell. The firm’s senior commodity strategist, Mike McGlone, said in his August update that he expects the precious metal’s price trajectory to accelerate. The analyst took the upside cues from “favorable macroeconomic fundamentals,” led by a bearish US dollar and expectations of a correction in equities. “When bear markets in the dollar and equities arise, gold will […]
