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Bursting of bitcoin bubble gives timely boost to gold

Since mid-December, the price of the precious metal has jumped by 6 per cent from US$1,235 an ounce to US$1,312

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Attention has once again focused on gold now that speculators perceive that cryptocurrencies are dangerous two way bets and that stock prices are at historically high prices.

London

THE bursting of the bitcoin cryptocurrency bubble has boosted gold in the past few weeks.

Since mid-December, the price has jumped by 6 per cent from US$1,235 an ounce to US$1,312, during a period of volatile sliding bitcoin and other...

sentifi.com

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