Overview

• Gold rose about 8% in September to an intraday high near $3,683 per ounce, surpassing the CPI-adjusted 1980 peak.
• Bitcoin traded around $114,000, up roughly 6% this month yet still below last month’s high above $124,000.
• A hotter-than-expected CPI print and a softer PPI reading recalibrated rate-cut expectations in ways that support bullion.
• QCP Capital highlighted 0.041 on the gold-to-Bitcoin ratio as a key level that has coincided with gold strength and BTC stabilization.
• Prediction-market users on Myriad shifted to 63% odds that gold outperforms Bitcoin through year-end, with central-bank buying and safe-haven demand cited by analysts.