Bitcoin is exceeding the Gaza Plan Trump, American tensions and tensions in Rick-Peter Chef called “very upward”

Gold prices rose to an unprecedented rise of $ 2,849.05 an ounce on Wednesday, driven by trade tensions between the United States of China and the geopolitical doubts in the Middle East. The precious metal showed the flexibility this year, as it achieved a profit of 7.31 % over the course of a date, outperforming the performance Bitcoin‘s BTC/USD 4.27 % increase during the same period.

What happenedThe last march came after the former president Donald Trump Imposing a 10 % tariff on Chinese imports, which prompted the response of measuring from Beijing.

Peter ChefAnd a prominent economist and a defender of gold, who looks at the current market dynamics as upward. “The fact that the audience sells and not the purchase is very bullish for gold. SCHF posted on X a contradictory indication,” indicates that retail investors may return to the market with higher prices levels.

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Why do it matterThe market’s feelings received additional support from Trump’s proposal to take over US control of the rebuilding of the Gaza Strip, adding another layer of geopolitical complexity to the attractiveness of precious metals. However, analysts note that continuous high interest rates can limit gold.

Golden futures for April delivery reached $ 2,879.49, an increase of 0.13 %, which reflects a strong demand. The metal has been 7.56 % since Trump’s victory in the November elections, although this performance tracks a 40.15 % increase over the same time frame.

Mineral performance comes at a time when investors closely monitor potential inflationary pressures that can arise from a new tariff, and may affect monetary policy decisions in the field of federal reserves.

Despite the strong gathering, market participants are still residing on interest rates, which are usually inversely related to gold prices.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.