Gold Breaks Record High as Bitcoin Slides — Safe Haven Demand Returns
Gold has reached a fresh all-time high at $4,748.18 per ounce, as investors shift toward safer assets amid changing market sentiment. At the same time, Bitcoin came under pressure, falling to around $92,923, a 3.6% drop in just a few hours.
The strong move in gold is largely driven by rising uncertainty after the European Union hinted at possible retaliatory tariffs on US goods, which unsettled global markets. As trade tensions and geopolitical risks increase, investors are reducing exposure to risk assets and moving into traditional safe havens.
Market Snapshot:
Gold ($XAU): +1.67% at $4,748.18
Bitcoin ($BTC): −3.6% at $92,923
Silver ($XAG): Record high at $94.08 per ounce
With uncertainty building across global markets, the gold vs Bitcoin narrative is once again in focus, highlighting the role of safe-haven assets during volatile periods.
