The post Gold Prices Hit Historic Highs Amid Global Uncertainty – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Gold prices reach historic $3364.29 per ounce. Trump underscores gold’s role in economic power. BTC and ETH experience significant inflows post-gold surge. Gold prices surged to historic highs, driven by global uncertainties. Spot gold touched $3,364.29 in the early Asian session, while Comex gold reached $3,375.9. This came after Donald Trump’s remarks, “He who has the gold makes the rules,” amplifying the precious metal’s significance. Market dynamics have shifted significantly, with notable capital movements into gold as a safe haven amidst geopolitical tensions and tariff concerns. Gold’s rising value highlights its role during times of economic instability, drawing investor attention away from other assets. Gold Reaches $3,364.29; Bitcoin and Ethereum React Cryptocurrencies reacted strongly, with Bitcoin and Ethereum experiencing major inflows. According to Coinglass via BlockBeats, Bitcoin saw net inflows of $51.94 million and Ethereum $25.13 million (Ethereum price updates). The TRUMP token also observed inflows, potentially due to Trump’s impactful statements. Did you know? Experts have noted that when gold prices soar due to market stress, Bitcoin often follows with its own bull run within 100-150 days, highlighting a pattern observed after significant gold market movements in 2017 and 2020. Joe Cavatoni, Senior Market Strategist, World Gold Council, stated, “The most likely scenario, according to experts, is that demand for gold — and thus, gold prices — keeps on rising. This would likely be the case if tariffs remain a concern.” Coincu analysts predict a continued trend of increased gold investment from geopolitical tensions, impacting crypto markets. Bitcoin, seen as digital gold, often mirrors gold’s safe-haven appeal, enticing investors, especially when fiat currency stability is questioned. Historical Trends Link Gold and Crypto Bull Runs Did you know? Experts have noted that when gold prices soar due to market stress, Bitcoin often follows with its own bull run…

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Filed under: News - @ April 21, 2025 1:14 am