Gold breaks new ATH at 5,107 USD/oz in less than 24 hours after surpassing 5,000 USD – No one can predict the peak!
Spot gold price (XAU/USD) continues to soar, surpassing the 5,107 USD/ounce mark (+119 USD, +2.39% today; +512 USD, +11.15% in the past 5 days). Silver also surged, currently around 107-115 USD/oz – both precious metals have reached new historical highs.
Reasons for the surge:
Strong safe-haven inflows: Macroeconomic instability (large US public debt maturities, rising Treasury yields, heavy net selling from Europe/China/India) has led investors to seek safe havens.
Industrial demand + speculation: Silver benefits from solar panels, electric vehicles; gold is strongly supported technically (buying side dominates, open interest rising rapidly).
Kitco experts agree: Kevin Grady (Phoenix Futures) says gold/silver "has its own trajectory," no longer dependent on stocks – "buyers do not want to withdraw, sellers do not want to sell." Jim Wyckoff emphasizes the overwhelming technical buying force, the next target is to sustainably surpass 5,000 USD.
Impact on crypto: BTC still lags below 90k USD, left behind by gold/silver – proving in risk-off, gold remains the "king of safe havens." If gold continues to rise, $BTC may face additional short-term pressure.
No one can predict where the gold/silver peak is – but the prevailing trend is still upward. How much do you think gold will reach? Or will BTC regain its momentum? Comment below! 🟡📈
