Gold prices are skyrocketing, continuously setting new historical highs!
In the short term, the gold market's trend is influenced by three key factors:
Firstly, there are strong expectations for the Federal Reserve's 'dovish rate cuts.' If the rate-cutting cycle begins in June, the process of dollar depreciation will accelerate, and gold prices are expected to strongly break through $3,300.
Secondly, China's gold accumulation dynamics are attracting significant attention.
For every 1% increase in China's gold reserve ratio, it will need to absorb about 20% of the global annual production, which is highly likely to trigger an epic short squeeze in the gold market.
Since the U.S. announced tariffs, although Bitcoin's decline has moderated compared to previous lows, it has underperformed relative to most traditional assets:
Gold is up 12.9%, silver is down 4.8%, the dollar index is down 4.8%, the S&P 500 is down 13.8%, Bitcoin is down 16.7%, and Nasdaq is down 17.5%.
Despite Bitcoin's extreme volatility, the current decline is between Nasdaq and oil, indicating a certain degree of recovery, but it has not yet demonstrated the characteristics of a safe-haven asset.
