Gold slips below 200-day moving average, bitcoin ratio climbs

Gold fell more than 20% from its January record high of $5,600 per ounce, trading below its 200-day moving average for the first time since October 2023. A stronger U.S. jobs report raised Fed rate hike expectations, pushing the Dollar Index above 100. The bitcoin-to-gold ratio climbed 3% in 24 hours.