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Bitcoin and gold are both hitting records - but why?

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Record highs for bitcoin and gold are threatening to send mixed messages about the appetite for risk across global markets.

bitcoin and gold are threatening to send mixed messages about the appetite for risk across global markets.

Bitcoin has jumped almost 50% this year, helped by inflows into recently minted US exchange-traded funds that directly hold the digital currency. Gold’s rise, however, could be taken to indicate defensive positioning on concerns about the perils of geopolitical tension or a possible pullback in global stocks in the wake of a record-breaking run.

 

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