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Bitcoin and gold holdings soar as Wuhan coronavirus spurs investors to seek safety | Currency News | Financial and Business News | Markets Insider

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Bitcoin and gold holdings soar as Wuhan coronavirus spurs investors to seek safety

Investors are piling into bitcoin and gold as the Wuhan coronavirus infects markets.

The amount of gold in exchange-traded funds surged to a seven-year high of 2,561 tons, Bloomberg reported.Investors are plowing cash into bitcoin and gold to minimize their exposure to the fast-spreading Wuhan coronavirus.

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