Precious metals and cryptocurrencies rallied simultaneously on Monday as investors sought havens ahead of key U.S. economic data. Gold rose to a new record high while Bitcoin crossed the historic $100,000 threshold for the first time.
Key Highlights
- Gold breaks to a record high above $2,580 amid surging safe-haven demand.
- Bitcoin jumps past $100,000 fueled by strong ETF inflows and halving-cycle optimism.
- Weak U.S. macro data intensifies expectations of Fed rate cuts, boosting non-yielding assets.
- Emerging-market central banks accelerate gold purchases, according to WGC data.
- Analysts say correlation between gold and Bitcoin is rising as investors hedge macro uncertainty.
Gold Hits All-Time High on Haven Demand
Spot gold rallied beyond $2,580, setting a fresh record as investors moved into safe-haven assets ahead of U.S. inflation and labor data. According to analysis from Kitco, the rally was driven largely by institutional flows and accelerated ETF buying.
Market participants cited rising geopolitical risk and growing doubts about the strength of the U.S. economy as key catalysts.
Bitcoin Surges Beyond $100,000 Milestone
Bitcoin broke the $100,000 barrier for the first time, supported by consistent inflows into U.S. spot Bitcoin ETFs. Data compiled by CoinMarketCap indicates more than $850 million in net inflows over the past week alone.
The rally also reflects optimism surrounding the post-halving supply dynamics, with several analysts forecasting an extended bull cycle into 2026.
Weak U.S. Data Reinforces Fed Cut Expectations
A series of disappointing macro releases — including falling retail sales and softer manufacturing activity — intensified expectations that the Federal Reserve may begin cutting rates as early as Q2-2026. CNBC reported that traders now anticipate at least three rate cuts next year.
Lower rates diminish opportunity costs for holding non-yielding assets like gold and Bitcoin, reinforcing upward momentum.
Emerging-Market Central Banks Boost Gold Buying
The World Gold Council reported another month of strong gold-reserve accumulation among emerging-market central banks, led by Turkey, China, and India. This structural demand has tightened global supply and added positive pressure to prices.
Analysts at HSBC highlighted that central-bank purchases have been one of the most resilient drivers of gold’s long-term rally.
Gold–Bitcoin Correlation Strengthens
A growing body of market research shows increasing correlation between gold and Bitcoin, particularly during macro-uncertain periods. According to insights published by Bloomberg Crypto, investors are increasingly treating both assets as strategic hedges rather than speculative tools.
This tandem rally underscores shifting investor behavior as digital and traditional safe havens converge.
Bottom Line
Gold and Bitcoin’s simultaneous break to new highs signals a significant shift in global risk sentiment. With macro uncertainty intensifying and central banks leaning dovish, both assets may continue attracting flows into early 2026. Traders should monitor U.S. inflation data and Fed communication for clues on the next major leg in the rally.