Gold prices have shot up since China announced it was banning the virtual currency on July 1.
The move sparked a rush to get gold out of China.
The Shanghai gold market, the world’s biggest, is down more than 20% in the last week, and the dollar is down nearly 8% against the yuan.
Investors in the U.S. and Europe are buying gold at a premium over their prices, according to a report from the U,S.
Commodities Futures Trading Commission (CFTC).
Bitcoin has surged over $1,000 this year.
It is now trading at around $1.12, or 5% higher than it was last month.
The surge is partly a result of the U!
decision to ban the virtual currencies.
That decision has brought in new buyers, and prices are now higher than when it was announced.
It’s not just the U., however, which is benefiting from a rush of new buyers.
Bitcoin, which has a market capitalization of less than $1 billion, has jumped by nearly 500% this year, according.
That has created a market bubble, and in turn, a surge in prices.
Bitcoin is an altcoin, which means it is not backed by a government, so it is vulnerable to wild price swings.
There is also speculation about China’s intention to ban Bitcoin outright.
That could be the tipping point that sparks a market crash.
Bitcoin has a small market cap but a growing following of investors, and that could change the way it’s used.
Read more about gold: How to trade gold in the USA The U.K. is among those who have begun trading Bitcoin.
On Wednesday, the pound was trading at $1.,037.80, up 3.6%.
That’s the highest price it has ever been.
The pound rose when China announced its ban, and it is now down about 5%.
Gold has surged in value since then, rising by nearly 1,000% since June.