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Gold, bitcoin surge

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Gold reached its highest price on Monday as growing optimism that the Federal Reserve will cut US interest rates in the new year has recently dented the dollar.

The precious metal, seen as a haven investment, reached an all-time pinnacle at $2,135.39 an ounce. Profit-taking later set in, leaving it to trade at $2,043.80.

Elsewhere, bitcoin briefly traded above $42,000 to reach a 20-month high, boosted by hopes that the US would soon allow broader trading of the world’s biggest cryptocurrency.

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