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Bitcoin.com News|Feb 12, 2025 08:48
💰 On Feb. 11, gold prices surged to 2,942.70 per ounce, hitting a new all-time high amid concerns of a potential global trade war triggered by President Trump's tariff announcement. Although it dipped to just above 2,900, gold's YTD gain reached nearly 11%. 📈
Investors remain bullish on gold, maintaining its safe-haven status. Meanwhile, BTC dropped over 2%, from 98,000 to 95,000, challenging its reputation as "digital gold." 📉
Gold bug Peter Schiff expects gold to surpass 3,000, questioning Bitcoin’s claims as the new gold. He criticized U.S. media and Wall Street for ignoring gold's stellar performance.
What do you think about this price action in gold and bitcoin?
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