Gold and Bitcoin hit record highs as the US and UK prepare fiscal statements
By Rhodri Morgan Gold and bitcoin have hit record high prices in a week headlined by major fiscal statements and ever-heightening geopolitical tensions. Gold bullion rose to $2,141.79 an ounce, beating its previous record of $2,135.39 set on December 4 last year, while Bitcoin surpassed the $69,000 on crypto exchange Coinbase, a level first touched on 10th Nov 10 2021. In a note earlier this week, Ole Hansen, head of commodity strategy at Saxo Bank said the yellow metal rush is being propelled by “key drivers” such as hedge funds amidst fears of a Federal Reserve pivot. Federal Reserve chair J…