Author Topic: #FinancialFox Week in Review: Gold & BTC Price Surge  (Read 4 times)

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#FinancialFox Week in Review: Gold & BTC Price Surge
« on: August 02, 2020, 02:53:33 PM »
In this week of FinancialFox Week In Review, Stefania Barbaglio discusses the impressive run of Gold as prices reach $2,000 an ounce mark and analysts expect the prices to further go up to $3,500 within two years. Gold is on a bullish trend, and this can be attributed to the current market volatility, impact of coronavirus & weaker fiat currencies. Investors are looking to differentiate their portfolio with safe-haven assets, and Gold is on the top list.
A similar bull run is happening with another asset:  *BITCOIN* / *BTC*. Whether it can be considered a safe-haven asset or not, it is still open to discussions but the matter of the fact being that bitcoin reached it's 2020 high at $11,500 high with expectations to surpass $12,500- the highest in July 2019.