Gold Goes Bonkers at $3,200—Wait ‘Til You See Bitcoin! 😱

by

My dear fellow market enthusiasts, you might want to tighten your cravat for this one. In a most splendid display of glitz and glamour, the golden darling of the investment realm has sashayed into a stunning high of $3,200 per ounce. Spurred by the ever-charming U.S.-China trade fisticuffs, gold continues to sparkle like a high-society debutante, sending investors into fits of jubilation and mad dashes to the nearest bullion dealer. 🤩

Meanwhile, the inimitable CryptoQuant Verified Author, Alex Adler Jr, believes Bitcoin may be galloping in on its electronic steed to claim its share of the safe-haven limelight. With a jolly 16% gain this year, Bitcoin’s looking more and more like gold’s cheeky cousin—ready to charm the crowd with tales of economic hedging and digital dazzle.

U.S. Tariffs on China Reach 145%

According to that ever-watchful Adler, the recent golden rally didn’t just happen because the universe felt whimsical. No, indeed! The U.S. has decided to sprinkle a bit of excise magic on Chinese imports, hiking tariffs by a whopping 125%. That brings the total duty on the poor Chinese goods to an eye-popping 145%. Fancy that! 😆

Sure, they’ve granted a 90-day pause on tariff hikes for most everyone else—apparently we’re all invited to the intermission party, except China, who’s sitting in the corner wearing a hefty fee like a dreary bowtie.

Gold surged past the $3,200 per ounce mark, setting a new record amid a weakening U.S. dollar and growing demand for safe-haven assets as trade tensions between the U.S. and China intensified.

The day before, on Thursday, the U.S. clarified that total tariffs on Chinese imports…

— Axel Adler Jr (@AxelAdlerJr) April 11, 2025

In the midst of this brouhaha, Adler points out that investors everywhere are developing a serious case of the jitters 🤯 about the economy. A wobbly U.S. dollar has them scuttling for shiny, tradable security blankets—preferably ones you can melt down and mold into a charming tiara.

Gold Shines as a Safe-Haven Asset

As if it wasn’t obvious from the jubilant headlines, gold has always enjoyed the role of being the prized inflation hedge—like a loyal but slightly snobbish butler, it never disappoints in times of trouble. Since the year kicked off, this glittering metal has tottered up over 20%, backed by robust buying from foreign central banks that simply adore a reliable bedazzlement.

With the dollar slouching and the trade war waltzing through global markets, gold’s fan club is expanding. Our analyst, Axel Adler Jr, suggests that if the trade turmoil escalates (and when doesn’t it?), we might see our beloved metal set off on another bullish gallop. 🏇

Bitcoin The “Digital Gold”

Despite gold hogging the spotlight, Bitcoin stands off to the side, clearing its digital throat and reminding everyone it’s also worthy of safe-haven stardom. With a respectable 16% climb this year, our dear BTC has pranced about with all the confidence of a debutante at a countryside ball. 🕺

At present, Bitcoin’s price hovers around $81,910—a modestly perky figure compared to its all-time high of $109k. Still, investors seem quite smitten with this tech-savvy asset, evidently happy to diversify their anxieties with a dash of digital dazzle. After all, why choose between stuffing your mattress with gold bars or stacking cryptographic codes when you can do both?

Read More

2025-04-11 13:08