Gold hits new high as Bitcoin rallies to month high at above $64K

Gold gains more than 5% in a fortnight, reaching a record high driven by rate cuts and geopolitical tension.

The price of gold has reached its highest-ever level following a United States central bank interest cut, and crypto analysts are now sharing their predictions on when Bitcoin could follow suit.

According to GoldPrice.org, the price of gold hit a record high of $2,629 per ounce on Sept. 23, following a gain of more than 5% over the past fortnight.

The commodity’s big move follows a Federal Reserve interest rate cut of 0.5% on Wednesday, Sept. 18, which provided a tailwind for the metal.

Gold gains more than 5% in a fortnight, reaching a record high driven by rate cuts and geopolitical tension.
The price of gold has reached its highest-ever level following a United States central bank interest cut, and crypto analysts are now sharing their predictions on when Bitcoin could follow suit.According to GoldPrice.org, the price of gold hit a record high of $2,629 per ounce on Sept. 23, following a gain of more than 5% over the past fortnight. The commodity’s big move follows a Federal Reserve interest rate cut of 0.5% on Wednesday, Sept. 18, which provided a tailwind for the metal.Read more