Gold Climbs to 6-Week Peak, Bitcoin Stays Rangebound
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Gold and US stocks stole the limelight on Wednesday as Bitcoin failed to gain significantly beyond $64,000.
Bitcoin stayed wedged at $64,000 on Wednesday’s Wall Street open as gold hit six-week highs.
Gold analysis eyes Chinese demand as the precious metal hits its highest levels in six weeks.
Bitcoin (BTC) sees a second day of lackluster performance against US stocks as the S&P 500 index builds on all-time highs.
China in spotlight as gold rebounds past $4,200
Gold gained 2.8% on the day to hit $4,213 per ounce, its highest levels since June 22. Chinese appetite spurred the upside, with Bloomberg reporting 14 consecutive days of inflows for domestic gold-backed exchange-traded funds (ETFs).

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