Gold and its digital equivalent, Bitcoin ( BTC ), have been dancing around each other for a while now, and both assets are starting to see some promising 0 precious metal surged to a new all-time high this week, trading above $3,500 per ounce, while the world’s largest cryptocurrency went past the $113,000 mark again on Friday, September 1 largely attributed the gold rally to the growing possibility of 2 rate cuts this month, with Suki Cooper, analyst at Standard Chartered, stating that new record highs are to be expected. Meanwhile, Bitcoin started seeing renewed institutional interest, with BlackRock buying another $289.84 million worth of the crypto on September 3, the same day Ethereum ( ETH ) exchange-traded funds ( ETFs ) posted $135.3 million in net 3 and silver price.
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