The price of gold reached a new all-time intraday high of $1,942 Monday, extending a rally that started in 2019.
- A record high for the yellow metal comes during an approximately 28% rally since January.
- Gold’s previous record high of $1,924 was reached on Sept. 6, 2011.
- Bitcoin, often viewed as digital gold, soared to $11,400 as the stalwart cryptocurrency keeps pace with gold.
- Bitcoin gained more than 13% over the past 24 hours, according to OnChainFX.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.