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News Explorer — Gold Reaches Record High, Diverging From Bitcoin Price Performance

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Aug 2, 5:20 pm
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Gold Reaches Record High, Diverging From Bitcoin Price Performance

The spot price of gold reached a historic high of over $2,500 on Friday, sparking debates about its role as a safe-haven asset. Meanwhile, Bitcoin's claim as "digital gold" is being challenged as it faces a critical juncture. The performance divergence between the two assets raises questions about Bitcoin's ability to serve as a reliable store of value and hedge against economic turbulence.

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