Gold market cap hits $30 trillion as prices surge to record

The price of gold has surged to a new all-time high of $4,357 per ounce, pushing its market capitalization to a record $30 trillion. This milestone means gold is now 14.5 times larger than Bitcoin's market cap, which stands at approximately $2.1 trillion, and 1.5 times larger than the combined market cap of the largest tech companies, the 'Magnificent 7'. Analysts note the significant rise in gold prices, which have increased by 64% since January 1, attributed to factors like geopolitical tensions and trade tariffs. As gold remains strong, some analysts predict that capital might rotate into Bitcoin when gold's momentum slows. Despite Bitcoin's recent performance being up 16% since the start of the year, it is suggested that it tends to catch up with gold prices over time, especially as liquidity flows toward riskier assets. This divergence in market performance is expected to change, positioning Bitcoin as a digital alternative to traditional gold.

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