Michael van de Poppe notes trend shift as gold corrects 8 percent
@CryptoMichNL: Michael van de Poppe on gold
Michael van de Poppe, a cryptocurrency analyst, observes a shift in gold trends following a significant correction. The value of gold has dropped by 8 percent since its peak, influenced by recent macroeconomic data.
This data has increased the pressure on the Federal Reserve, potentially leading to a resumption of monetary easing measures. According to van de Poppe, such actions might favor risk-on assets, albeit being detrimental for gold in the short term. He suggests that the developments in monetary policy could impact various asset classes as investors reassess their portfolios.
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In the previous news, tweet author Michael van de Poppe discussed investment opportunities in growing crypto ecosystems.
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