Gold and silver prices surged on December 1, with spot gold reaching $4,230 per ounce and silver climbing to $57 per ounce, marking a significant rise in precious metals. This increase comes as Bitcoin experienced a 6% decline, with BTC/USD falling amid growing expectations of interest rate cuts.
BiyaPay data indicates that investors are shifting capital towards gold and silver, viewing them as safe-haven assets in light of potential rate cuts. This shift is contributing to increased volatility in digital assets. BiyaPay offers trading in U.S. and Hong Kong stocks, gold and silver shares, and Bitcoin using USDT, allowing investors to capitalize on market corrections while managing leverage and position risks.
Gold and Silver Surge as Bitcoin Drops 6% Amid Rate Cut Speculation
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