• 27 September, 2024
Market News

Gold Hits New High as Bitcoin Surges Above $64K

Gold surged over 5% in two weeks, hitting a record $2,629 per ounce on Sept. 23, following a 0.5% interest rate cut by the Federal Reserve. Geopolitical tensions and increased central bank purchases, which have tripled since early 2022, fueled demand. While Goldman Sachs predicts gold could reach $2,700 by early next year, Bitcoin also saw an 8.5% rise, reaching a four-week high of $64,660 after the Fed's decision.

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