Over the past 24 hours, gold climbed to a new record of $5,215 per ounce, up 1.8% on the day, after briefly pausing following its rally above $5,000. The weaker dollar fueled the surge, highlighting gold’s role as a key hedge against currency debasement.
The rise in both Bitcoin and gold shows how markets are closely watching the dollar, interest rates, and fiscal policy. With the Fed likely to keep rates steady and political pressure for easier policy growing, merchants are eyeing whether hard assets can keep climbing.
Bitcoin’s hold of the $88,000–$90,000 range keeps the bullish case alive, especially if the dollar stays weak and momentum improves.