Global markets opened with a stark divergence in asset performance, heavily favoring traditional safe-havens amid rising geopolitical tensions and persistent inflation concerns. Gold continued its historic rally, currently trading at $5,585 per ounce and aggressively targeting the $5,600 psychological threshold. The yellow metal is benefiting from massive institutional flight-to-safety flows, alongside continued strong demand from central banks looking to de-dollarize reserves. Meanwhile, risk assets, particularly cryptocurrencies, faced significant selling pressure. Bitcoin (BTC) dropped sharply overnight, falling more than 4.5% and breaching the critical $62,000 support level. It briefly touched a low near $60,500 before stabilizing. Analysts suggest the Bitcoin decline is a result of widespread profit-taking following recent highs, coupled with high real interest rates making non-yielding, volatile assets less attractive compared to inflation-proof commodities. The divergence underscores a cautious market environment where investors prioritize tangible stores of value over speculative growth.
Source: Morning Minute: Gold Soars Toward $5,600; Bitcoin Falls
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