After the launch of the gold ETF, the price of gold experienced a 50% pullback and then entered a period of consolidation before welcoming a healthy bull market
Nestay on twitter: Gold's vs Bitcoin's ETF price action.
In both cases we saw a rally in anticipation of the approval. Many believe gold went up-only after its ETF launched but the reality is that it corrected at least 0.5 of its anticipation rally first. A long period of re-accumulation followed for a healthy bullrun afterwards.
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The US Dollar Index fell by 0.17% on the 27th.
All three major U.S. stock indexes hit record highs, with Apple's market value approaching $4 trillion.
The Dow Jones Index closed up by 337.47 points, while the S&P 500 and Nasdaq both reached new record highs.
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