Gold and Silver Reach New Record Highs Amid Safe Haven Demand
- Gold surged nearly 2% on Thursday, reaching a new all-time high above $4,900 as investors sought safe havens.
- Silver also hit record levels, exceeding $96, continuing its multi-month rally.
- The brief pullback on Wednesday followed President Trump’s announcement to halt proposed 10% tariffs on NATO nations.
- Bitcoin remains near the $90,000 level after failing to reclaim resistance following tariff news.
- US equities rose nearly 1%, with the S&P 500 and Nasdaq advancing as trade escalation fears eased.
Trading Analysis
Trading Signal: NEUTRAL (Score: +1)
The recent pause in tariffs provided temporary relief for risk assets but did not significantly alter Bitcoin’s positioning.
Price Levels:
Current: $90,000
Support: Not specified | Resistance: $95,000
24h/Recent Range: Below $90,000 – Toward $95,000
Catalysts & Timeline:
• Near-term: Tariff developments may influence market sentiment
Risk Assessment:
• Continued geopolitical uncertainty could affect Bitcoin’s safe-haven status relative to gold and silver.
The surge in gold and silver prices reflects ongoing investor demand for traditional safe havens amid geopolitical uncertainty. Meanwhile, Bitcoin‘s inability to break key resistance levels suggests a more neutral trading outlook compared to precious metals.
Source (3.2)https://cryptobriefing.com/gold-as-safe-haven-record/?rand=59535
