Several central banks have resorted to unprecedented monetary expansion and aggressive rate cuts to support their respective economies badgered by the coronavirus pandemic. Record liquidity has resulted in sharp rallies in the S&P 500, gold, and (BTC), which suggests that investors are plowing money into assets of their choice.
While gold is way below its all-time high set in August, both the S&P 500 and Bitcoin are near their all-time high.
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