Gold futures hit a new record high, surpassing bitcoin for the year. Despite some volatility, gold remains a safe haven in uncertain times. Geopolitical tensions and tariff concerns have boosted gold’s appeal over cryptocurrencies. Central bank purchases and uncertainty drive gold’s strength, while bitcoin faces challenges with government adoption.

The most actively traded gold futures contract settled at $3,491.30, up 30.8% year to date. Bitcoin slipped to around $116,511, still up 24.6% this year. Both outpaced U.S. stocks, with the S&P 500 up 8.6%. Gold ETFs have seen gains, with potential for further momentum in gold over bitcoin in the coming week.

Technical analysis shows short-term momentum negative for bitcoin and positive for gold. Analysts believe bitcoin has more upside potential with institutional adoption growing. Regulatory clarity and institutional interest could drive bitcoin’s future growth.

Read more at Yahoo Finance: Gold and bitcoin are both vying to be safe havens for investors. Why gold is winning so far this year.