What is the difference between IAU and GLD in terms of their impact on the cryptocurrency market?

1 answers

• Nov 26, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that IAU and GLD are both popular options for investors looking to gain exposure to the price of gold. While IAU is backed by physical gold, GLD holds gold in a vault. In terms of their impact on the cryptocurrency market, both IAU and GLD can indirectly influence investor sentiment. When the price of gold rises, it can lead to increased interest in alternative investments like cryptocurrencies. Additionally, gold is often seen as a hedge against economic uncertainty, which can also impact the demand for cryptocurrencies. Therefore, understanding the differences between IAU and GLD can help investors make informed decisions in the cryptocurrency market.
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