Gold Hits Three-Month High as Bitcoin Tests $80,000
In brief Gold climbed toward $4,700 an ounce Tuesday, reaching its highest level since mid-May. Bitcoin crossed $80,000 for the first time in three months as the dollar weakened.
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Key Facts
- Fact 1: In brief Gold climbed toward $4,700 an ounce Tuesday, reaching its highest level since mid-May.
- Fact 2: Bitcoin crossed $80,000 for the first time in three months as the dollar weakened.
- Fact 3: Gold-backed ETFs recorded $3 billion in net inflows in July after two consecutive months of outflows.
- Fact 4: Spot gold reached $4,696.18 an ounce, its highest level since May 14, before pulling back.
In brief Gold climbed toward $4,700 an ounce Tuesday, reaching its highest level since mid-May. Bitcoin crossed $80,000 for the first time in three months as the dollar weakened.
Gold-backed ETFs recorded $3 billion in net inflows in July after two consecutive months of outflows. Gold climbed to a three-month high Tuesday, extending its August rally as a weaker dollar and falling Treasury yields boosted demand for the precious metal. Spot gold reached $4,696.18 an ounce, its highest level since May 14, before pulling back.
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Original source: Decrypt
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