Gold hits 6-week highs on China demand as Bitcoin ignores fresh S&P 500 record

CryptoInfo Editorial Team · Published on August 05, 2026 at 15:02 · Updated on August 05, 2026 · 1 min read

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Gold and US stocks were in the spotlight on Wednesday, with gold prices reaching 6-week highs driven by demand from China.

Meanwhile, Bitcoin failed to gain significant traction, staying near the $64,000 mark.

This development occurred as US stocks hit a fresh record, surpassing previous highs.

This is based on reporting from CoinTelegraph.

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