After Bitcoin, Gold Prices Skyrocket To $2,055: Here's Why It's Rising
The cryptocurrency market is rallying hard this week after Bitcoin climbed above the $63,000 mark on Wednesday. The digital assets sectors experienced an influx of new investments after the SEC approved the Bitcoin ETF early this year. The development propelled Bitcoin to skyrocket and now, the GOLD prices are following suit as the XAU/USD chart hit $2,055. Also Read: Ripple: XRP Forecasted To Surge 200% Source: Investing.com Gold prices are rallying similar to Bitcoin this week making the precious metal reach a new weekly high. The commodity market is gaining significantly while the forex market, mostly the US dollar is heading south. In this article, we will highlight why GOLD prices went north and how can it go in March 2024. After Bitcoin, Why Are Gold Prices Rising? Source: ShutterStock The price of GOLD hit $2,055 and is up nearly 11 points in the 24-hours day trade. Gold also spiked 0.5% since yesterday and is displaying extreme bullish sentiments similar to Bit...