‘Buy Bitcoin’ Overtakes ‘Buy Gold’ as Online Search Phrase
- U.K.’s BullionVault says bitcoin is another headwind for gold
- Gold’s advance faltered amid stronger dollar and equity gains
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Add bitcoin to the list of things denting gold’s appeal.
Bullion’s rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now, bitcoin’s surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said.