Gold Dips, Bitcoin Gains After Six Month Low – 25 November, 2019

Increased optimism over rumored phase one planning between the U.S. and China caused gold prices to dip to a two week low. U.S. gold futures fell 0.2% to $1,453.50 per ounce, while Spot gold slipped by 0.1% to $1,453.24 per ounce, having hit its lowest in two weeks the previous session. Investors instead moved to safe haven currencies, helping the dollar reach a one week high against the yen. Additionally, Bitcoin, the worlds largest cryptocurrency, gained 0.64% to $7,167.99 after falling to a six month low the previous session on news that China would be cracking down on cryptocurrencies.