Gold and bitcoin rise on fears about US debt

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Gold and bitcoin have both seen recent price surges as the national debt crossed the $40 trillion mark.

Gold prices have risen to their highest levels in some three months or so, rising as high as $4,740 per ounce this week. Meanwhile, bitcoin saw its strongest weekly increase since March 2023, growing over 20% and crossing $80,000, before paring back those gains a bit on Tuesday.

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