With a global conflict afoot, gold (GC=F) has revived its status as a safe-haven in times of turmoil.
But Bitcoin? Not so much.
Bullion on Thursday surged close to $2000 per ounce, its highest since 2020, after Russian forces attacked multiple targets across Ukraine, which prompted investors to flee risky assets. Meanwhile, the U.S. dollar — the world’s premier reserve currency and another safe-haven during market duress — is gaining ground against a broad basket of currencies.
However,…
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