Gold reached a new high surpassing $3,500 per troy ounce amid investor anxiety about the US dollar's strength, retracing slightly to around $3,426. Bitcoin also broke through $90,000, its highest level in months, as central banks and retail investors fueled demand for both assets. This rise comes as President Trump’s tariff policies unsettled markets, triggering a flight to safety. Analyst predictions suggest gold could average $3,675 per ounce by Q4, possibly hitting $4,000 by mid-2026, while bitcoin ETFs gained significant momentum following strong inflows.
Orders from central banks and retail investors are driving a historic surge in gold, and we expect it to average $3,675 per ounce by the fourth quarter.
Bitcoin climbed to nearly $91,000, its highest level since early March, indicating a narrowing year-to-date loss to under 5%.
Investor concerns over geopolitics and domestic monetary policy, notably President Trump’s tariff policies, are triggering the rise in gold and bitcoin.
The ICE US Dollar Index fell by over 1%, making dollar-denominated assets like gold more attractive amid global skepticism toward the dollar.
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