The price of a single bitcoin exceeded the value of an ounce of gold for the first time. On Thursday, bitcoin closed at $1,268 while a troy ounce of gold finished the day at $1,233, the BBC reports. Many savers and investors who distrust central bank-controlled currencies view gold and/or bitcoin as a hedge against money
The price of gold has increased nearly $100 over the past month. Over the past week, the precious metal has received a jolt from President Donald Trump, who is stating publicly that he believes the U.S. dollar is too strong. Gold is trading at slightly below $1,213 an ounce early Tuesday, according to Gold Price.
The price of gold rose steadily over the first two weeks of 2017, surpassing the $1,200 level on Thursday. Gold for February delivery closed at $1,196.20 an ounce on Friday, Market Watch reports. Gold began the year around $1,150. The precious metal's value in dollars has increased about 3.9 percent thus far in 2017. The
The soaring cryptocurrency Bitcoin is trading at $1,147 early Thursday, within $20 of the all-time high of $1,165.89, according to CoinDesk. The record high was set on Nov. 30, 2013. In addition to approaching a record high, Bitcoin is nearing parity with gold, which is trading at $1,178. Bitcoin's price rose steadily in 2016, appreciating about
The price of gold rose .9 percent Tuesday, finishing the day at a three-week high of $1,162 an ounce, the Wall Street Journal reports. In 2016, gold climbed 8 percent despite a sharp selloff over the final three months of the year. A relatively strong dollar did not stop gold from rising last year either.