Gold Beats Bitcoin as Trump Faces Impeachment Probe
Gold outperformed Bitcoin on Wednesday as an impeachment inquiry into US President Donald Trump triggered demand for safe-haven assets.
The yellow metal came near its three-week peak, with its spot trading at $1,530.29 per ounce as of 10:00 UTC. At the same time, US gold futures surged 0.1 percent to $1,538.30.
Bitcoin, unlike Gold, trended lower upon undergoing a sharp decline in its prices late Tuesday. The benchmark cryptocurrency slipped by circa $1,000 in just 30 minutes, a sell-off alleged
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