Conflicting Reports on Gold Price High Spark Debate
The post Conflicting Reports on Gold Price High Spark Debate appeared on BitcoinEthereumNews.com.
Key Points: Conflicting reports on spot gold price reaching $3,750 per ounce. Gold confirmed at $3,743.78 on September 22, 2025. No impact seen on cryptocurrencies like Bitcoin or Ethereum. Spot gold reportedly hit $3,750 per ounce on September 23, 2025, according to PA News, marking a potential new historical high, though primary sources do not confirm this value. Despite no primary confirmation, the reported surge in gold prices reflects increased demand, partially spurred by the recent Federal Reserve rate cut, impacting investor sentiment and market hedges. Cryptocurrency Markets Stable Despite Gold Price Speculation Bitcoin (BTC) currently trades at $112,488.45, with a market cap of $2.24 trillion. Trading volume surged by 170.22% to $67.11 billion in the last 24 hours, per CoinMarketCap. Bitcoin’s price fell by 1.82% over 24 hours and remains stable compared to past trends, reflecting resilient interest despite market fluctuations. Insights from the Coincu research team suggest that while gold acts as a macroeconomic hedge, its spikes don’t consistently trigger crypto sell-offs. Past data shows weak correlation patterns, highlighting the distinct investor mindset across commodities and digital assets. “The dynamics of inflationary pressures will continue to push gold higher; we’re seeing historical patterns repeat.” — Catherine Wood, CEO, ARK Invest Market Data Insights Did you know? During previous macroeconomic shifts, like the 2008 crisis, gold’s price surged due to safe-haven demand, a trend seen in 2025 as well. Bitcoin’s price fell by 1.82% over 24 hours and remains stable compared to past trends, reflecting resilient interest despite market fluctuations. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 01:06 UTC on September 23, 2025. Source: CoinMarketCap Insights from the Coincu research team suggest that while gold acts as a macroeconomic hedge, its spikes don’t consistently trigger crypto sell-offs. Past data shows weak correlation patterns, highlighting the distinct investor mindset across…
Filed under: News - @ September 23, 2025 3:24 am