In a turbulent session driven by geopolitical fears, gold staged a historic V-shaped recovery while Bitcoin languished, raising fresh questions about the cryptocurrency's viability as a modern safe haven.
Gold prices have shattered records, breaching $5,000 per ounce as geopolitical tensions and shifting monetary policies drive a historic rally. Analysts debate whether this is a peak or a new foundation for the safe-haven asset.
The U.S. dollar extended its weekly decline as fresh geopolitical risks, including new tariff threats over Cuba and potential military action against Iran, dampened appetite for American assets, despite domestic political relief.
Gold prices resumed their upward trajectory Friday, shaking off a volatile session as threats to global stability and expectations of a dovish Federal Reserve pivot continue to drive the historic surge in bullion.
