BIT (formerly Matrixport) diagnosed that dollar weakness and interest rate cut expectations could positively impact gold and Bitcoin. BIT explained, "From a technical perspective, gold prices may have entered a phase of forming a bottom. The market anticipates the Fed to raise interest rates about twice this year, but conversely, there might be no interest rate hikes at all. Accordingly, if the dollar weakens, gold and BTC could rise due to interest rate cut expectations."
