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Cryptocurrencies

2 Reasons Why Gold Price is Falling Amid a Strong Bitcoin Rally

Written by Crispus Nyaga on

Gold price is in trouble. Yesterday, it dropped to a low of $1,820, which is the lowest it has been since July 20. And today, it is trading at $1,831, which is 11% below its YTD high of $2,075. Silver price is also under pressure, down by 0.50% today. There…

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Crispus Nyaga

Crispus Nyaga is a self-taught financial analyst and trader with more than seven years in the industry. He has worked for some of the biggest brokers in Europe and Australia as an analyst, coach, and course creator. He has a wealth of experience in equities, currencies, commodities, and global macroeconomic issues. He has also published for prominent financial publications like SeekingAlpha, Forbes, Investing.com, and Marketwatch. Crispus graduated with a Bachelor’s of Science in 2013, an MBA in 2017, and is currently working on an MSc in Financial Engineering from WorldQuant University. When he is not trading and writing, you can find him relaxing with his son.