What’s powering gold and bitcoin surges?

It’s been a happy few weeks for those who hold stocks of gold and bitcoin in their trading arsenals. The commodities have both reached record highs as investors continue to back them. Gold smashed through the $3,900 (€3,334) a troy ounce barrier this week — a troy ounce being the unit of weight for precious metals and equivalent to 31.1 grams. Meanwhile, on Sunday (October 5), the world’s oldest and best-known cryptocurrency, bitcoin, hit a record when it broke through the $125,000 barrier for the first time, before falling back a little. It has so far been a bumper 2025…

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