Dollar Weakness Fuels Rush into Gold and Bitcoin

Investors are shifting their capital away from the dollar as concerns grow about the size of the US government's debt. As a result, prices for gold and bitcoin have risen to three-month highs. The move is seen as a hedge against inflation and currency debasement.

The increase in precious metals and cryptocurrencies comes despite some investors viewing them as high-risk assets. However, with the dollar weakening, these alternatives are becoming more attractive to those seeking a store of value.

The US government's debt has been growing rapidly, leading to concerns about inflation and currency debasement. The Federal Reserve is expected to address this issue in its upcoming meetings.