90-day performance comparison and rolling 30-day correlation between Bitcoin and gold (via PAXG — 1 token = 1 troy oz allocated gold on Binance). Updated every 4 hours.
BTC Price
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Gold Price (PAXG)
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BTC 30d Return
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Gold 30d Return
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30d Correlation
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90-Day Performance (Rebased to 100)
Chart data unavailable
Rolling 30-Day Pearson Correlation
● Positive (co-moving) ● Negative (diverging)
Correlation data unavailable
What this measures
Macro hedge alignment
When BTC and gold move together (correlation > 0.5), both are typically responding to the same macro drivers: dollar weakness, inflation expectations, or institutional demand for hard assets. This is the "digital gold" narrative in action.
Risk-on divergence
When correlation is low or negative, Bitcoin is trading as a risk-on asset — moving on speculation, leverage, or crypto-native flows — while gold holds its safe-haven bid or vice versa. These divergences often precede sharp reversals in one or both assets.
Data source
Gold prices use PAXG (PAX Gold) on Binance — each token is backed by one troy oz of allocated physical gold stored in Brink's London vaults and regularly audited. PAXG tracks the London spot gold fix with negligible spread during liquid hours.