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Gold Hits Record as Bitcoin, AI Stocks Slide
The price of gold rallied to a record on Wednesday, as Wall Street was in no mood for risk-taking.
Front-month gold settled at $4,347.50 an ounce, which is its first record settlement since Oct. 20, according to Dow Jones Market Data.
The price of Bitcoin has fallen 2.4% in the past 24 hours. The Invesco S&P 500 High Beta ETF, which includes the S&P 500’s most volatile stocks, fell 1.8%.
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