Gold Price Hits New Record at $4,035 Per Ounce – Is Bitcoin’s Next All-Time High Around the Corner?
Gold surged to an all-time high of $4,035 per ounce on Wednesday as buyers fled to safe-haven belongings amid renewed political and financial turbulence in the United States.
Key Takeaways:
- Gold hit a report $4,035 per ounce as buyers sought security amid the US authorities shutdown and market uncertainty.
- The metallic has surged 30% since April, pushed by Trump’s tariffs, a weaker greenback, and report inflows into gold ETFs.
- Analysts warn the rally may cool if the Fed raises charges, although expectations of cuts proceed to gasoline bullish sentiment.
The rally, gold’s strongest since the Seventies, comes as the US authorities shutdown drags into its second week, rattling confidence in fiscal stability and pushing merchants to hedge towards uncertainty.
Gold Soars 30% Since April as Trump’s Tariffs Shake Global Markets
The treasured metallic has climbed roughly 30% since April, when President Donald Trump’s tariff bulletins roiled world markets.
Analysts say the extended shutdown, coupled with a weakening greenback and rising retail demand, has turned gold into this yr’s final refuge asset.
“The shutdown is a tailwind for gold costs,” said Christopher Wong, charges strategist at Singapore’s OCBC Bank. “Investors flip to secure havens throughout gridlock, and gold has delivered every time.”
According to the World Gold Council, inflows into gold-backed exchange-traded funds (ETFs) have surged to a report $64 billion in 2025.
Precious metals sellers say demand can be booming amongst personal purchasers. Gregor Gregersen, founding father of Silver Bullion, reported that his agency’s buyer base has greater than doubled in the previous yr, with many consumers holding positions for over 4 years.
“Gold will fall at some level, however the financial atmosphere helps an upward development for at least 5 years,” Gregersen mentioned.
Still, some analysts warn that the rally may lose steam if the shutdown ends or if the Federal Reserve raises rates of interest.
Historically, larger yields make non-yielding belongings like gold much less engaging. In 2022, gold tumbled from $2,000 to $1,600 after aggressive Fed fee hikes aimed at controlling post-pandemic inflation.
For now, markets are betting the subsequent transfer will probably be a fee minimize, boosting gold’s enchantment.
Bitcoin Surges Past $125K, Matching Gold’s Safe-Haven Momentum
Notably, gold isn’t the solely asset benefitting from world unease. Bitcoin (BTC), usually dubbed “digital gold,” has mirrored the move, surging past $125,000 over the weekend in its strongest October rally on report.
The main cryptocurrency is drawing billions in ETF inflows, and JPMorgan analysts now mission BTC may attain $165,000 by year-end if momentum continues.
“The extra institutional {dollars} expertise Bitcoin returning towards all-time highs after dips, the extra snug they’ll turn into as long-term holders,” mentioned Timot Lamarre, Head of Market Research at Unchained, a Bitcoin-native monetary companies agency managing over $11 billion in belongings.
“If debasement is seen as structural moderately than non permanent, Bitcoin may very well be getting into its subsequent main revaluation part.”
As reported, mounting fiscal uncertainty in main economies is accelerating a shift into Bitcoin, gold, and silver, as buyers brace for additional foreign money debasement.
The so-called “debasement commerce” has gained traction amid rising nationwide money owed and political instability, prompting a broad retreat from fiat belongings.
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