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Gold Reaches All-Time High as Bitcoin Breaks Above $11k
The precious metal has gained roughly 28% this year. Bitcoin is up 13% in 24 hours.
The price of gold reached a new all-time intraday high of $1,942 Monday, extending a rally that started in 2019.
STORY CONTINUES BELOW
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- A record high for the yellow metal comes during an approximately 28% rally since January.
- Gold’s previous record high of $1,924 was reached on Sept. 6, 2011.
- Bitcoin, often viewed as digital gold, soared to $11,400 as the stalwart cryptocurrency keeps pace with gold.
- Bitcoin gained more than 13% over the past 24 hours, according to OnChainFX.
Zack Voell
Zack Voell is a financial writer with extensive experience in cryptocurrency research and technical writing. He has previously worked with leading cryptocurrency data and technology firms, including Messari and Blockstream. His work (and tweets) has appeared in The New York Times, Financial Times, The Independent and more. He owns bitcoin.
