Report:
#### Gold records record gains as a safe haven
- The price of gold approached its historical highs, surpassing $450/ounce, just $50 below the previous record (below $500 in April).
- Gold has achieved annual gains of up to 30% since the beginning of 2025, supported by:
- Tensions in the Middle East (such as the Israeli missile strike on Iran on June 13).
- Inflationary pressures, seen as a hedge against inflation.
- Expectations to break new records if inflation fears escalate or the interest rate policy changes.
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#### Bitcoin: Performance linked to risky assets
- Bitcoin has gained only 13% since January 2025, currently trading down 5.3% from its all-time high ($111,800 on May 22).
- Does not follow gold's approach as a safe haven, but trades as a risky asset, according to analyses:
- Tony Sycamore (analyst at iG Markets): "Bitcoin is correlated with US stocks, not safe havens".
- Henrik Anderson (Apollo Crypto): "Oil and gold move inversely to stocks and Bitcoin in the short term".
- Nick Rock (LVRG Research): "The 'digital gold' narrative is declining in favor of Bitcoin's correlation with risky assets".
- Expectations of a potential rise if it maintains support at $95,000, with a likelihood of surpassing $120,000.
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#### Upcoming Influential Factors
1. Federal Reserve meeting (Wednesday):
- Market expectations of 96.7% for no change in interest rates (4.50%-4.75%).
- Any signals of a more hawkish monetary policy could impact Bitcoin and gold movements.
2. Change in risk appetite:
- According to **Bojin Cheung** (LOSL platform), the search for alternatives for storing value may boost Bitcoin momentum.
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#### Summary
- Gold: benefits from geopolitical crises and inflation, reflecting investor confidence in safe havens.
- Bitcoin: remains a high-risk asset, linked to stocks and short-term liquidity, despite potential upside as market conditions improve.
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Sources: TradingView, Cointelegraph, CB News, Market Experts' Analyses.
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