Gold Dethrones Bitcoin: The Battle of the Precious Metals Takes a Hilarious Turn!

As of February 18, spot gold is flirting with $5,005, showing off its shiny new price like a peacock strutting through a field of other metals. In fact, the five-minute chart reveals a glorious sequence of higher highs, as if it’s saying, “Take that, Bitcoin!” Meanwhile, momentum readings are still elevated, which is another way of saying that nobody’s ready to call it a day just yet. As long as gold stays above the $4,980-$4,990 range, it seems to have no intention of slowing down.