The prices of safe-haven assets such as gold and Bitcoin have weakened by more than 4% from the peak positions in May 2025.
According to data gathered by IDNFinancials.com, the price of gold in the spot market this week closed at $3,289.40 per troy ounce.
This position is down 4.3% from the highest gold price, which was at the level of $3,438.59 per troy ounce on May 7, 2025.
Bitcoin, also known as digital gold, is currently priced at $104,259.2 at 9:00 PM WIB today. This is 6.84% lower than the highest position of Bitcoin on May 22, 2025, which was at the level of $11,954.5.
The director of metal trading at High Ridge, David Meger, said that gold prices have currently pulled back from their highest position and are entering a consolidation period.
"Gold is currently slightly under pressure as demand for safe-haven assets begins to wane. But it seems that Trump’s rejection of the court's decision will slightly push gold prices," said Meger, quoted by Reuters on Saturday (May 31) yesterday.
Meanwhile, despite the decline in Bitcoin prices, several institutions are adding to their crypto portfolios by purchasing more Bitcoin.
GameStop reportedly bought Bitcoin worth $513 million. Meanwhile, Trump Media and Technology Group plans to invest $2.5 billion in Bitcoin assets.$BTC