Gold and Bitcoin are rising together! Is the dollar facing troubled times?
Historical high: Gold prices soared to $3,389 per ounce, marking the 55th historical high in 12 months! At the same time, Bitcoin (BTC) also saw a 3% increase, solidifying its status as 'digital gold'.
Dollar turbulence: The US Dollar Index (DXY) plunged, hitting a three-year low, as concerns about stagflation, tariff chaos, and a weak dollar intensify. Global economic uncertainty has led investors to seek safe-haven assets, with gold and Bitcoin becoming the top choices!
🇨🇳 China is taking frequent actions: In March, China purchased another 5 tons of gold, increasing its reserves to 2,292 tons in response to ongoing economic tensions. Other countries are also enhancing their gold reserves, further intensifying market risk aversion!
Investor reaction: Trump's announced 'reciprocal tariffs' have triggered global trade chaos, increasing market volatility. Gold and Bitcoin are increasingly favored by investors as safe havens.
Gold performs excellently: Since 2020, gold has risen by 100%, significantly outperforming the S&P 500 Index's 86%. This wave of increase is expected to break through $3,400 per ounce for the first time!
A perfect storm in the global market: Gold hits a historical high, Bitcoin continues to rise, and the dollar's plunge presents a rare opportunity. Are you ready to welcome the next wave of wealth storm? #DOGE #ADA #XRPHACKED #PEPE #sol