Currencies

Bitcoin no match for gold in coronavirus world

The recent surge in bitcoin’s price has created some new believers, but the cryptocurrency will never supplant gold as a store of value or medium of exchange, some Wall Street investors say.

Bitcoin reaches $16K, highest level since 2018

Bitcoin on Thursday reached a record valuation of $16,118, its highest level since 2018. The cryptocurrency is up 123% year-over-year and 50% this quarter, according to data from the California-based digital currency exchange Coinbase.

Dollar dips as Biden gains upper hand in tense election

The dollar slipped to its weakest level in more than two years against the yuan and eased against other Asian currencies as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election.

Dollar's recent direction points to Biden win

The recent direction of the U.S. dollar points to former Vice President Joe Biden defeating President Trump in the upcoming election, but a lot can change before Nov. 3.

Gold price flushes below $1,900

Gold prices on Wednesday fell below $1,900 an ounce for the first time in nearly two months amid continued strength in the U.S. dollar.