Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Bullion has fallen six days in a row and is set for a weekly loss of more than 4%.
Here comes Bitcoin.
According to Google Insight which tracks search volume, interest in the peer-to-peer crypto-currency is shooting up this month.
Web Search Interest: “bitcoin”. Worldwide, Past 12 months.
The interest is also pushing up the volatile alternative currency to fresh highs. Bitcoin started the month at US$33.610, according to Mt. Gox, a Bitcoin trading site. Today it closed at US$81.99.
The Business Insider’s executive editor, Joe Wiesenthal, headlines the price moves this way:
Photograph by ClickFlashPhotos / Nicki Varkevisser
