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Gold Prices Surge While Bitcoin Faces Challenges
Gold prices surged amid easing Treasury yields, while Bitcoin faced a decline as investors reacted to rising unemployment.
Global markets saw easing U.S. Treasury yields, leading to a rise in gold prices, which increased by 0.2% to approach all-time highs. Meanwhile, Bitcoin struggled, dropping by 3.1% to $85,806. The easing of U.S. Treasury yields has raised expectations for future Fed rate cuts, which is expected to support commodities like gold. In contrast, Bitcoin’s drop reflects investor caution as economic data shows rising unemployment.