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*Greg Magadini, Amberdata: "Lower Treasury yields are good for both gold and Bitcoin"*David Tawil, ProChain Capital: "The tandem movement of gold and digital currency can only be a coincidence"*Bitcoin has recently risen to over 40,000 dollars, a level not reached since the spring of last year
European stocks swung between gains and losses on Monday as investor risk appetite was scaled back with markets trading at their highest in four months.
Gold prices hit record highs on Monday, pushing past $2,100 an ounce amid expectations of rate cuts.
Here's what's driving both gold and bitcoin.
London’s equity markets closed lower on Monday as investors kept a watchful eye on upcoming US jobs data, while gold prices surged to record highs.