Gold Jumps to New Record, for Now Winning Debate Against Bitcoin as Risk-Off Asset
The yellow metal has risen as stocks (and bitcoin) have crumbled over the past few weeks.
-Stocks are headed lower again on Thursday, pulling bitcoin down alongside.
-Gold continued to shine during this big risk asset drawdown, rising to a new record and within a few dollars of hitting $3,000 per ounce for the first time.
-Gold ETFs are enjoying their largest inflows since 2022, while spot BTC ETFs have bled $5 billion since February, highlighting where capital is flowing during the current market correction.#BTC #GOLD