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Gold futures have eclipsed $3,000 an ounce for the first time, heralding a significant moment for the precious metal. Spot gold prices are consolidating slightly under this mark, reflecting a 15% increase year-to-date. Meanwhile, Bitcoin struggles, down 12% this year and lingering around $80,000.

The disparity in performance highlights gold’s ascent as a preferred safe-haven asset during current economic uncertainties.

Market Trends:

U.S. spot Bitcoin ETFs saw only three days of inflows since mid-February, diminishing the net inflows from $40 billion to about $35 billion. Concurrently, the S&P 500 descends into correction territory, dropping over 10%.

Andre Dragosch, Head of Research at Bitwise in Europe, connects gold’s records with budding inflation expectations and wavering consumer sentiment. He articulates:

“The recent rally in gold to new all-time highs likely reflects both increasing inflation expectations and a broader flight to safety.” “In fact, both short- and medium-term inflation expectations in the University of Michigan consumer survey have risen to multi-decade highs.”

Investors are increasingly wary of inflationary trends attributable to Trump’s recent tariff adjustments, significantly lifting gold’s market value.

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