Gold prices have risen to historic highs of $3,000 per ounce, highlighting their appeal as a safe inventory asset amidst economic and geopolitical uncertainty.
Gold's rally follows concerns about global stability and turbulence, amplified by trade policies under President Donald Trump.
So, beyond the $3,000 psychological threshold, it strengthens the long-standing reputation of precious metals as a hedge against economic instability.
Goldsec President Peter Spina sees this price milestone as a warning sign for Fiat currency. He argues that the decline in reliability for the US dollar and its counterparts has erod purchasing power, making gold a valuable storage for preference.
Meanwhile, Bitcoin prices are currently struggling and trading sideways as they are rebelliously held against the weakening of the dollar and the decline in tech stocks that have been correlated over the past few months.
Top digital assets are in a recession, with around 15% flowing over the past month. During this period, top crypto assets fell to a low annual rate of $78,942 before rebounding to $83,364 at the time of writing.
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