Gold hits six-week highs on China demand as Bitcoin ignores fresh S&P 500 record
CoinTelegraph·
60-second summary
Gold is hitting six-week highs on Wednesday due to increased demand from China, with prices rising as investors seek safe-haven assets amidst global economic uncertainty. Meanwhile, Bitcoin is trading around $64,000, largely flat and ignoring a fresh record high for the S&P 500 stock index, as investors remain cautious about cryptocurrency's volatility.
Gold and US stocks stole the limelight on Wednesday as Bitcoin failed to gain significantly beyond $64,000.