#GoldPrintsNewATH Gold hitting a new all-time high ($4,381.4/oz):
Gold typically rises when global risk appetite falls. Investors move to safe havens when equity markets look shaky, inflation fears rise, or geopolitical uncertainty intensifies.
Breaking its October 20 high signals strong demand for safety, which could reflect concerns about central bank policies, banking sector fragility, or broader macroeconomic uncertainty.
Implications for BTC:
Bitcoin is often debated as a “digital gold.” If gold’s rally is primarily driven by risk-off flows, some BTC investors may see this as supportive: