Same Macro Tape, Different Bid – Gold Absorbs Flows as Bitcoin Swings
Gold is currently trading at $4,906/oz as macro desks preserve paying for convexity within the oldest hedge, whereas Bitcoin is trading at $72,639 after a bounce to $78,376. Same tape. Different bid. Gold Flows Tell the Story The “receipt” for gold’s new regime sits in circulate math, not slogans. World Gold Council data for full-year…
