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Yahoo
2 days ago
- Business
- Yahoo
Gold and bitcoin are both vying to be safe havens for investors. Why gold is winning so far this year.
Gold futures scored another record high Friday — with the precious metal extending its lead over bitcoin this year and, despite some volatility, reinforcing its status as the go-to safe haven in uncertain times. While both assets have rallied in 2025 and repeatedly notched fresh highs, gold has pulled ahead even after paring gains Friday afternoon. Gold futures GC00 rose earlier in the day after the U.S. ruled that 1-kilogram and 100-ounce gold bars would be subject to tariffs, but trimmed gains after reports said the Trump administration planned to clarify that imported gold bars would be exempt. Trade Desk's stock sees its worst drop ever, and analysts wonder if Amazon is to blame I plan to work until 80. Can I contribute to my IRA while taking RMDs? Still, gold's edge this year may reflect a broader trend where elevated geopolitical tensions and tariff concerns have given traditional risk-off assets an extra edge over newer alternatives. Crypto bulls have long pitched bitcoin BTCUSD as 'digital gold,' arguing it could eventually play a similar role. But for now, analysts say gold's legacy as a crisis hedge is prevailing. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Thor Metals Group: Best Overall Gold IRA 'Gold has certainly benefited from safe-haven flows more so than cryptocurrencies like bitcoin' this year, said Rob Haworth, senior investment-strategy director at U.S. Bank Asset Management Group. He noted in a phone interview that bitcoin still tends to move in lockstep with risk assets, limiting its appeal during times of uncertainty. In particular, gold has seen strong support from global central-bank purchases, which have accelerated in response to geopolitical tensions, tariffs and other macroeconomic uncertainties this year, according to Konstantin Anissimov, chief executive at 'I think the overall theme is uncertainty. And when there is uncertainty, sovereigns flee to what they know best — an asset that has weathered the storms of millennia rather than just decades or centuries,' Anissimov said in a phone interview. In contrast with gold, no major government has adopted bitcoin as a reserve asset, though Anissimov sees strong long-term potential for it to serve as a store of value. President Donald Trump signed an executive order in March to establish a federal bitcoin reserve, though few details have emerged since. Anissimov also noted that corporations have been increasingly adding the cryptocurrency to their treasuries. The most actively traded gold futures contract settled at a record high of $3,491.30 on Friday before pulling back to $3,451.60 in electronic trade. The contract is up 30.8% year to date, according to Dow Jones Market Data. Bitcoin slipped 0.7% on Friday to around $116,511, about 5.4% below its record high of $123,165.67 set on July 14. The cryptocurrency is up 24.6% year to date. Both have outpaced U.S. stocks, with the S&P 500 SPX up 8.6% this year to date after ending Friday just a fraction shy of a record close. The Dow Jones Industrial Average DJIA is up just 3.8% so far this year, while the tech-heavy Nasdaq Composite COMP has rallied 11%, ending at a record high Friday. In exchange-traded funds, shares of the VanEck Gold Miners ETF GDX gained 0.2% Friday, for a 71% yearly gain, while the popular SPDR Gold Shares ETF GLD was virtually unchanged on the session but up 29% so far in 2025, according to FactSet. From a technical standpoint, short-term momentum has turned negative for bitcoin while it remains positive for gold, suggesting potential for further gains in the coming week, analysts at Currency Research Associates wrote in a report on Friday. In the longer term, Peter Eberle, president and chief investment officer at Castle Funds, said he thinks bitcoin has more upside than gold as institutional adoption grows. 'The capital flows from institutions to bitcoin are only at the beginning. Between regulatory clarity and a friendlier administration, we are in the earliest phase of institutional adoption,' Eberle said. 'I have a great mortgage rate': I need $80K to buy my husband out of our home. Do I raid my $180K Roth IRA? 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Gold Tariffs: Why Are They a Problem? How Could the Market React?
Gold Tariffs: Why Are They a Problem? How Could the Market React? The U.S. has unexpectedly slapped tariffs on imports of some gold bars, according to the Financial Times, roiling the market for the precious metal. Why is this disruptive?
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Stock Market Today: Dow Futures Inch Up, While Gold Prices Rally —Live Updates
Stock futures edged higher at the end of a week filled with tariff and geopolitical updates, plus a bevy of earnings. Bullion futures rallied after the Financial Times reported that the U.S. had imposed levies on imports of one-kilo gold bars.
