Gold Resumes Record Chase - Trade Dispute in Focus - Gold Hits New Record High at $4,078 as Bitcoin Lags
Gold has been on a remarkable streak this year, with the precious metal reaching a new record high of $4,078 per ounce. Meanwhile, Bitcoin, despite reaching its own record high, has not kept pace with gold's impressive performance.
Gold's surge has been nothing short of meteoric. It has risen by over 55 percent so far this year, outperforming most other asset classes. This is the seventh record high in the past eleven trading days, demonstrating gold's unyielding bullish trend.
Bitcoin, too, has seen significant gains. Since the end of 2024, its btc price has risen by about a quarter. However, over the same period, gold price has risen by a larger margin. Looking back over the past three years, Bitcoin's price has increased by almost 500 percent, but gold's performance has been even more remarkable in the short term.
The escalating trade dispute between the USA and China may be contributing to gold's rise. After President Donald Trump announced plans to impose 100% tariffs on Chinese imports, Beijing threatened countermeasures. The US has signaled openness to talks, but the dispute has hardened again, with Trump announcing further tariffs. The uncertainty surrounding the trade war may be driving investors towards the safe haven of gold.
Gold's exceptional performance this year, with a rise of over 55 percent, has seen it reach a new record high of $4,078 per ounce. Despite Bitcoin's own record high, it has not kept up with gold's impressive gains. The ongoing trade dispute between the USA and China, and the resulting uncertainty, may be contributing to gold's bullish trend.
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