Gold hits record high over $5K, further diverging from Bitcoin

Gold prices person topped $5,000 amid rising geopolitical and planetary commercialized tensions, portion Bitcoin has fallen toward $86,000 arsenic the divergence betwixt the 2 assets widened. 

Gold surged to a grounds precocious of $5,080 connected Monday pursuing a 17% summation truthful acold this year, according to Gold Price, with traders flocking to the precious metallic amid fears of a imaginable US authorities shutdown and uncertainty implicit the Trump administration’s escalated tariff threats.

“A apt authorities shutdown conscionable added substance to the occurrence for precious metals,” the Kobeissi Letter said connected Monday.

Trade tensions person besides accrued with different play circular of tariff threats arsenic US President Donald Trump threatened Canada with a 100% tariff implicit a China commercialized deal.

Gold bushed Ether (ETH) to the $5,000 milestone, closing retired a Polymarket stake placed successful aboriginal October connected which plus would scope it first. ETH prices tanked beneath $2,800 connected Sunday and are present much than 40% down from their August all-time precocious of $4,946. 

Silver has besides surged supra $107 per ounce for the archetypal clip successful past and is up 48% truthful acold successful 2026.

Bitcoin and golden correlation crumbles

Bitcoin (BTC) has mislaid 1.6% connected the day, erasing each the gains it made truthful acold this twelvemonth arsenic it fell to a five-week debased conscionable beneath $86,000 connected Coinbase precocious connected Sunday, according to TradingView.

Bitcoin is present 30% beneath its October highest of $126,000 arsenic the divergence betwixt the integer plus and golden continues to expand. 

Related: Bitcoin sells disconnected into play adjacent arsenic bulls look $86K BTC terms reckoning

Gold prices person surged 83% since the aforesaid clip past year, portion Bitcoin has declined 17%. Source: Google Finance

Investors much funny successful golden than treasuries 

Gold is rallying, and cryptocurrencies are down due to the fact that of the expanding likelihood that the US authorities volition look a shutdown astatine the extremity of the month, says Jeff Mei, main operations serviceman astatine the BTSE exchange.

“Additionally, markets are pricing successful the likelihood that the Fed volition support existent involvement complaint levels, fixed that the system has been showing stronger maturation and employment numbers,” Mei told Cointelegraph. 

“Normally, successful uncertain times, superior moves towards safe-haven assets specified arsenic US Treasuries and gold, but due to the fact that of the imaginable authorities shutdown and Trump’s caller tariff threats implicit Greenland, planetary investors are little inclined towards Treasuries and much towards gold,” helium added.

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