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0 0 0 0 7.75271067991827E-05 8.86024077704765E-05 -0.000553765048565195 -0.00094140058256073
Stock impact report

Bitcoin continues to slip against gold, testing the 'safe haven' trade [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
If bitcoin is supposed to be digital gold, this is the kind of tape it is meant to win. Right now, it is not. The question is getting louder because gold is rallying on rate cut expectations and geopolitical risk, while bitcoin has struggled to hold key psychological levels and remains sensitive to the same forces that tend to hit equities and other risk assets. Gold is up more than 70% this year, with others precious metal silver has rallied about 150%, putting both on track for their strongest annual gains since 1979. Platinum also pushed to record levels, extending a broader surge across precious metals as investors return to the category as a hedge against geopolitical volatility and long-run currency risk. Part of what is holding bitcoin back is positioning. The market is still digesting a long stretch of leverage-led trading, and each rebound has been met by quick profit-taking over the past week. Macro is another drag. Even when traders expect rate cuts, bitcoin tends Show less Read more
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