Spot gold prices have surged to a record high, leading to a resurgence of criticism towards Bitcoin (BTC) from investors in the precious metal. On April 3, gold reached an all-time high of $2,304 per ounce, marking an 11.5% gain for the asset in the year-to-date, despite its typically slow movement. The climb in gold prices began in mid-February, rising from around $2,000 per ounce to over $2,200 by late March. This increase can be attributed to growing global tensions, uncertainty surrounding possible interest-rate cuts, and de-dollarization. According to Hartford Funds investment strategist Nanette Abuhoff Jacobson, gold has held up well alongside other safe-haven assets.
Bitcoin's critics mock it once again as gold reaches its highest point ever