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Benzinga
Benzinga
Business
Parshwa Turakhiya

Gold Smashes Through $4,200 As Bitcoin Stuck At $112,000: What's Driving The Underperformance?

2 Bitcoin tokens flank a bar of gold

Gold as measured by the SPDR Gold Trust (NYSE:GLD) smashed through $4,200 per ounce on Wednesday after Fed Chair Jerome Powell hinted at fresh rate cuts, while Bitcoin (CRYPTO: BTC) continues to languish around $112,000.

Gold Extends Historic Rally On Policy And Geopolitics

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