The White House calmed China tensions, but gold remains hot. Political instability, currency debasement, and rising debts fuel gold’s rally. Stocks and cryptocurrencies bounce back, highlighting gold as the safe haven choice. Trade tensions ease with China, prompting a rebound. Bitcoin struggles, gold shines as a refuge. Crypto investors sell off during market turmoil, leading to a drop in Bitcoin and overall crypto market cap. Bitcoin hits new highs before Beijing tensions, while the US dollar weakens. Long-term Treasury yields remain high, signaling a potential shift to digital currencies as a store of value.
Read more at Yahoo Finance: Tariff tensions separate gold from crypto