Gold as a leading indicator for Bitcoin suggests imminent rally as BTC climbs above $60k

From kitco.com

Markets responded positively to the release of July’s Producer Price Index (PPI) report on Tuesday, with cryptos and stocks climbing higher after the PPI showed inflation continues to cool, adding more support to expectations that the Fed will announce an interest rate cut in September. While market watchers now look to the upcoming Consumer Price Index (CPI) report for further validation, the PPI reading and the fact that Wall Street continues to put the odds of a rate cut at 100% emboldened many investors to jump back into the markets. As a result, stocks traded higher at the market open and continued to climb ... (full story)