Gold Prices Surge on Rate Cut Hopes Though Bitcoin Threatens Alternative Safe Haven Status
• Gold hits new highs as investors bet on central banks cutting interest rates this year • Perfect storm brewing in gold market with prices up $150 since mid-February • Regional bank failures could pull forward Fed rate cuts and lift gold prices • Hotter than expected jobs report on Friday could delay further gold price rally • Investors rotating money from gold ETFs into bitcoin ETFs as bitcoin soars to new highs