🟢 Gold shines like never before — $3,391 per ounce and this is just the beginning?
— On April 21, 2025, the price of gold reached an all-time high: $3,391.62 per ounce. — Reasons? All classic: • US-China trade war, • weakening dollar (three-year low!), • and mass demand for safe-haven assets.
— Analysts are keeping up: • Goldman Sachs and UBS expect $3,700–$4,500, • Citi Research — $3,500 in the next 3 months, • physical gold shortage and demand from China — key drivers.
🟡 Here are the limitations: — Ghana is expelling all foreigners from the local gold market until April 30. — Only the new state corporation GoldBod will trade gold from small producers.
What does this mean for crypto? — Increased demand for gold often indicates uncertainty in traditional currencies, which may raise interest in bitcoin as digital "gold." Let's watch the correlation.
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