Commodity dealer Peter Brandt claims that gold stays in a long-term bear pattern towards Bitcoin.
Simply pulled up the chart. Seems like Gold is in long-term bear pattern vs Bitcoin. How does it look to you? pic.twitter.com/tS7IiQT7hr
— Peter Brandt (@PeterLBrandt) August 8, 2025
The weekly chart shared by Brandt exhibits that the XAU/BTC ratio has been in a persistent downtrend for over a decade.
Gold resumes its rally
Earlier at present, gold, which is seen as the most well-liked secure haven asset, surged to a two-week peak of $3,407. The yellow steel is attracting extra patrons resulting from rising odds of fee cuts being carried out by the U.S. Federal Reserve this 12 months.
Rising commerce tensions are additionally contributing to the continued gold rally, Reuters studies.
On Apr. 22, gold reached a brand new all-time excessive of $3,500, which got here after large tariffs introduced by the U.S.
Gold did not maintain the rally after the U.S.-China tariff detente, however it’s now catching a bid as soon as once more.
Will Bitcoin catch up?
The yellow steel remains to be up by 29% for the reason that begin of the 12 months. It has outperformed Bitcoin, which is simply up by a mere 24% this 12 months regardless of a slew of bullish catalysts.
Mike McGlone, who not too long ago turned bearish on Bitcoin, not too long ago famous that the Bloomberg Galaxy Crypto Index barely managed to match the positive aspects recorded by the S&P 500 this 12 months, exhibiting how dismal the efficiency of the nascent asset class is that this 12 months.
As reported by U.In the present day, Constancy’s Jurrien Timmer beforehand forecasted that Bitcoin would be capable to race forward of gold within the second half of the 12 months.
Nevertheless, Bitcoin solely managed to briefly surpass gold when it comes to year-to-date returns in July when it hit its present all-time excessive of $122,838.
