Gold Surges as Investors Seek Safe-Haven Assets
Gold is trading above $2,820, nearing Monday’s record high, as market volatility drives demand for safe-haven assets. Rising geopolitical tensions, including China’s new tariffs on US goods, have further fueled the price rally.Bitcoin and Equity Market Volatility
Bitcoin has experienced sharp fluctuations, rebounding above $99,000 after dipping to $92,000 amid Monday’s liquidations. Meanwhile, US stock futures remain volatile, with the Dow, S&P 500, and Nasdaq all in the red.Investor Sentiment and Market Reactions
Analysts highlight gold’s stability during market uncertainty, contrasting it with Bitcoin’s higher volatility and shorter track record. WeFi’s Head of Growth, Agne Linge, warned that Trump’s proposed tariffs could drive inflation and weigh on equity markets, leading investors to shift capital into gold.China’s Tariff Retaliation Escalates Market Uncertainty
Beijing has responded to US tariffs with sweeping economic measures, including:Key Highlights:
These measures, set to take effect on Feb. 10, have further intensified market volatility. - A 15% tax on coal and liquefied natural gas.
- A 10% tariff on crude oil and large vehicles.
- Additional duties on agricultural and industrial goods.
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