Gold continued to break price records on Friday, trading at US$2,183 an ounce at mid-afternoon, following a more dramatic rally in Bitcoin. Gold led Bitcoin in 2020 and 2021, during the Covid crisis. This time Bitcoin clearly led gold, suggesting that investors have more confidence in the high-tech alternative to the dollar.
Gold, Bitcoin surges show black swan risk rising
Investors taking out insurance against extreme events – the sort of trouble that might arise from a geopolitical crisis