Gold Climbs to Three-Month Peak as Bitcoin Hovers Around $80K
Gold rose to a three-month high near $4,696/oz as a weaker dollar and falling yields boosted demand, while Bitcoin briefly topped $80,000 for the first time in three months. July gold-backed ETF inflows reached about $3 billion, and the World Gold Council noted softer data and bond buybacks helping the rally, signaling a nascent gold rebound that’s moving in tandem with BTC amid macro uncertainty.
