Driven by geopolitical tensions and a weakening US dollar, gold prices surged to a historic high of over $4900 per ounce, marking a market-wide shift towards safe-haven assets rather than risk assets. This trend reflects increased investor demand for traditional hedging tools amid rising global uncertainty, as the cryptocurrency market closely monitors this dynamic, with funds reallocating from more volatile assets to safer assets.
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Driven by geopolitical tensions and a weakening US dollar, gold prices surged to a historic high of over $4900 per ounce, marking a market-wide shift towards safe-haven assets rather than risk assets. This trend reflects increased investor demand for traditional hedging tools amid rising global uncertainty, as the cryptocurrency market closely monitors this dynamic, with funds reallocating from more volatile assets to safer assets.