While we see the dedollarization (quite a mouthful word) of the economy: https://www.bloomberg.com/news/arti...tion-is-happening-at-a-stunning-pace-jen-says , most of crypto acolytes have been preaching that Bitcoin and other cryptocurrencies will replace the current monetary system. But things are going way better for the shinny metal, it seems. XAU at ATH We'll see what happens. Cryptos are raising today, maybe it is related, maybe not.
ATH? Think again, not even close. Spot Gold ATH is $2070.48 back in Aug of 2020 As for way better for XAUUSD vs BTCUSD, think again ... aaagain BTCvsXAU spread ratio chart bottomed in Dec and has been making HH's and HL's ever since:-
I'll give you a better chart, one that you can click on https://www.tradingview.com/symbols/XAUUSD As I said , ATH
Actually now that I look at the above, I can see clearly 2020 has a higher high. You obviously did not hover over bar to see what the actually high is - or you wouldn't believe your lying eyes into believing that it is lower.
XAUUSD is spot. Not futures. And when it comes to futures there are often many contract ATH's. So that would be an apples to oranges comparison. But also nowhere near ATH's currently.
Thought post# 4 was future prices. My mistake it is LBMA prices. Anyway even that chart shows ATH happened back @ August 5th, '20. Meanwhile futures (GC) price today is currently about $100 lower than June'23 contract ATH. Any way you slice it still has a ways to go to make a new ATH.