News View Non-AMP

Gold Price Hits Record $3,200 High, Bitcoin Climbs – Trump’s Trade War to Blame?

Published by
Mustafa Mulla

As global trade tensions escalate, investors are rushing toward safety — and gold is leading the way. The precious metal has just hit a record high of $3,200 per ounce, delivering strong returns and grabbing headlines.

But it’s not just gold that’s in the spotlight. Bitcoin, often called “digital gold,” is quietly climbing too.

U.S.-China Tariff Hike Sparks Market Jitters

The spike in gold prices follows a major move by the U.S. government, which sharply raised tariffs on Chinese imports. The new increase adds 125% more duty, bringing the total tariff to 145%. Although most other countries were given a 90-day pause on new tariffs, the focus on China has unsettled global markets.

CryptoQuant Verified Author and analyst Alex Adler Jr. believes this sharp rise in tariffs has fueled investor fears about a weakening U.S. dollar and the broader economic impact. As a result, many are turning to gold as a hedge against uncertainty.

Gold Up 20% in 2024 — Demand Soars

Gold has always been seen as a hedge against inflation and economic trouble. Since the start of the year, its price has climbed over 20%, largely driven by strong buying from foreign central banks. With the dollar losing strength and concerns about a long-lasting trade war growing, demand for the metal has surged.

Adler suggests that if tensions continue to rise, gold prices could move even higher in the coming months.

Bitcoin Also on the Rise as “Digital Gold”

While gold is getting the spotlight, Bitcoin is also gaining attention. Often referred to as “digital gold,” Bitcoin has jumped 16% over the past year, showing steady growth despite ongoing market uncertainty.

At the moment, Bitcoin is trading at around $81,910. While it’s still below its all-time high of $109,000, this recent rise shows that investors are looking at digital assets like BTC as alternative ways to protect their wealth.

The strong performance of both gold and Bitcoin highlights a clear trend: investors are moving toward alternative assets to protect themselves from economic instability. As the trade war drags on and the dollar weakens, both physical and digital stores of value are becoming more attractive.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Don’t Miss Your Shot—How This Presale Could Outpace ETH and SOL in the Coming Bull Run

The blockchain industry is undergoing a transition with the investors wanting platforms that are scalable,…

June 20, 2025

ChatGPT XRP Price Prediction: Big Surge Coming?

XRP Price has been trading sideways since falling from its January peak, but many analysts…

June 20, 2025

XRP News: $MRT Presale Kickstarts Today, Analysts Predicts Martini Market Could Become The Polymarket of XRP Ledger

The highly anticipated $MRT token presale is now officially live, and early momentum shows it’s…

June 20, 2025

Shiba Inu, Dogecoin Cooling Off—Ozak AI’s 300× Potential Is Heating Up

Although Shiba Inu and Dogecoin, two of the most well-known meme coins, are seemingly in…

June 20, 2025

Who Owns The Most Government Bitcoin Holdings in 2025

As of Q1 2025, the government collectively holds over 463,741 BTC, representing approximately 2.3% of…

June 20, 2025

Crypto Regulation in Malta 2025- The Blockchain Island

Mata is often referred to as the “Blockchain Island” due to its proactive stance on…

June 20, 2025