Gold and other traditional safe-haven assets are surging amid a softening US dollar, yet Bitcoin continues to falter. This week, gold pushed past the $5,000 mark, setting fresh all-time highs and building on its strong momentum. Silver also joined the rally, climbing above $120 per ounce. However, and in stark contrast, Bitcoin continued to struggle.
Why Bitcoin is down while gold rallies on a weaker dollar
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AI INSIGHT
Gold rises past $5,000 this week, hitting a fresh all-time high, market data show; Silver climbs above $120 per ounce, market data show; U.S. dollar weakens this week, dollar indexes decline, market data show; Bitcoin falls this week and trades lower, market prices show.
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