RATE Group | Bitcoin and gold holdings soar as Wuhan coronavirus spurs investors to seek safety | Cur…
77489
post-template-default,single,single-post,postid-77489,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin and gold holdings soar as Wuhan coronavirus spurs investors to seek safety | Cur…

29 Jan Bitcoin and gold holdings soar as Wuhan coronavirus spurs investors to seek safety | Cur…

Posted at 12:44h in Bitcoin News by

[ad_1]

traders clerks chicago cmeREUTERS

  • Investors are piling into bitcoin and gold as the Wuhan coronavirus infects markets.
  • Bitcoin climbed 8% in a week to $9,380, its highest level since November.
  • The amount of gold in exchange-traded funds surged to a seven-year high of 2,561 tons, Bloomberg reported.
  • The Wuhan coronavirus has infected more than 6,000 people and killed 132 so far.
  • Visit Business Insider’s homepage for more stories.

Investors are plowing cash into bitcoin and gold to minimize their exposure to the fast-spreading Wuhan coronavirus.

Bitcoin has climbed 8% in the past week and hit $9,380 on Wednesday, its highest level since November. Meanwhile, the amount of gold in global exchange-traded funds has soared to a seven-year high of 2,561 tons, according to Bloomberg. The record is 2,573 tons in December 2012, Bloomberg said.

Gold prices, meanwhile, hit a three-week high earlier this week. On Wednesday, the precious metal was up 0.3%, trading at $1,570 per ounce.

Rock-bottom interest rates…

[ad_2]

Source link

Tags:
, , , , , , , , , ,