2024-03-06 19:59:10 ET
Summary
- Gold and Bitcoin both reached new record highs this week, with gold trading over $2,150 per ounce and Bitcoin rising to nearly $69,000 per token.
- The stability of interest rates and the weakening of the U.S. dollar have contributed to the bullish price action of both gold and Bitcoin.
- ETFs that track gold and Bitcoin have expanded the addressable markets for investors and traders, playing a significant role in the bull market of both assets.
Gold is the world’s oldest means of exchange. The value of the rare metal dates back thousands of years. Today, central banks, governments, and monetary authorities validate gold’s role as a financial asset as they hold the metal as an integral part of foreign currency reserves. Over the past few years, the world’s central banks have increased their gold holding through net purchases....
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The Power Of The ETF: GLD And Now GBTC