Gold's 4.4% Wednesday surge adds $1.65T, nearly matching Bitcoin's $1.75T cap

Gold jumped 4.4% on Wednesday, adding about $1.65 trillion to its market value and setting a record above $5,500 with a total cap of $38.77 trillion. The single-day gain nearly equaled Bitcoin's $1.75 trillion market cap, while over five years gold has risen 173% versus Bitcoin's 164%. Bitcoin traded down during the move.