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Gold pulls back near $2910 per ounce, US to establish Strategic Bitcoin Reserve
10-Mar-2025 17:42
Gold pulled back today, giving up some of the recent gains as Bitcoin edged up and sentiments towards Crytpo assets got a boost following latest push in US crypto policy framework. President Donald Trump signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, with the aim of positioning the United States as a leader among nations in government digital asset strategy. The Order creates a Strategic Bitcoin Reserve that will keep bitcoin as a reserve asset. Bitcoin value rose 1.60% following this, keeping the digital currency above 83300 mark. Gold eased after nearing $2940 per ounce mark on a repeated basis last week and currently trades down 0.08% at $2911 per ounce.

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