The post Gold set for unprecedented rally in 2025 as Bitcoin slows down appeared on BitcoinEthereumNews.com.

Gold is set for an unprecedented rally in 2025 as Bitcoin continues its slow activity as the year ends. Bitcoin enjoyed a spark towards the latter end of 2024, with the asset bursting out after a Trump-fuelled rally. It is no surprise that it did a remarkable job hitting over $100k this year. While Bitcoin did about 50% since November 3, other assets followed suit, with Dogecoin posting double its price. While the crypto assets enjoyed a stellar run towards the end of the year, gold has been dominating, having itself a wonderful year. Prices of the precious metal surged by 28%, pushing financial investors back to the asset as a safe haven amid rising geopolitical and economic tensions. Gold started the year at $2014, having itself a wonderful year amid several highs before hitting $2,719 in late November. Experts predict a wonderful 2025 for gold Usually, most assets in the financial market experience a pullback after a huge rally like gold’s. Investors are conversant with the market, more reason why they remain unfazed by the asset’s recent drop to around $2,603. But with many Western countries starring inflation in the eye amid other geopolitical issues, investors are predicting a great 2025 for gold. Gold Bullion Company’s Managing Director Rick Kanda lauded the asset’s rise in 2024, noting that it was a record year for the asset. “There’s no denying that 2024 has been a record year for gold,” Kanda said. He also made bold predictions about the precious metal heading into the new year. “It’s reached colossal new highs and broken records. This is… a result of economic uncertainty, changes in global inflation, and also increased demand,” he added. Gold has usually done well, especially when investors shift their funds into the asset while relying less on bond markets…

---

Filed under: News - @ December 28, 2024 9:20 am