Gold breaks $3,000 for first time amid global uncertainty as Bitcoin trades sideways
Gold prices have climbed to a historic high of $3,000 per ounce, underlining its appeal as a safe-haven asset amid economic and geopolitical uncertainty.
Gold’s rally follows concerns over global stability and turbulence, which have been amplified by trade policies under President Donald Trump.
So, breaking past the $3,000 psychological threshold reinforces the precious metal’s long-standing reputation as a hedge against economic instability.
GoldSeek President Peter Spina views this price milestone as a warning sign for fiat currencies. He argues that declining confidence in the US dollar and its counterparts erode their purchasing power, making gold a preferred store of value.
On the other hand, Bitcoin price is currently struggling, trading sideways as it defiantly holds against a weakening dollar and declining tech stocks, which it has been correlated with over recent months.
The top digital asset is in a downturn, shedding roughly 15% in the past month. During this period, the top crypto asset dipped to a yearly low of $78,942 before rebounding to $83,364 at the time of writing.
