Last week, gold and silver prices continued to surge, setting new all-time highs (ATH). Gold reached $4,823 per ounce, while silver climbed to $96 per ounce, recording impressive gains thanks to safe-haven demand amid market volatility. Investors are shifting capital from risky assets to precious metals, driving prices higher.
Gold Price Chart on Weekly Frame
Conversely, Bitcoin (BTC), often referred to as “digital gold,” faced strong downward pressure. This cryptocurrency lost the critical psychological support level of $90,000, indicating increased selling pressure and declining market confidence. The clear divergence between precious metals and cryptocurrencies is creating a mixed market picture, prompting investors to consider safer strategies in the short term.
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Gold and silver prices continue to hit new ATHs as BTC drops below the psychological support of $90,000.
Last week, gold and silver prices continued to surge, setting new all-time highs (ATH). Gold reached $4,823 per ounce, while silver climbed to $96 per ounce, recording impressive gains thanks to safe-haven demand amid market volatility. Investors are shifting capital from risky assets to precious metals, driving prices higher.