Are there any relationship between Gold and Bitcoin ?

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Are there any relationship between Gold and Bitcoin ?

Hello Everyone,
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?

Hasitha Jayaweera Answered question August 15, 2024
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I believed that every market globally is connected to each other including Gold. We have seen the negative effect of Covid-19 in March, all of them went nose diving. But there are also proponents that there are no correlation specially in the last couple of months wherein bitcoin was really on a super fast rally.

Gihan Wijethunga Answered question August 15, 2024
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