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

Gold's market capitalization has reached a historic $30 trillion, fueled by a surge in prices that hit a new high of $4,357 per ounce. This market cap surpasses that of Bitcoin, which stands at approximately $2.1 trillion, and exceeds the combined $20 trillion market cap of the seven largest tech companies, including Microsoft, Apple, and Amazon. Since January 1, gold prices have risen by 64%, as investors seek stable assets in the face of geopolitical tensions and economic challenges. Analysts predict that as the gold market stabilizes, capital may shift to Bitcoin, often referred to as digital gold. Expert insights highlight concerns about Bitcoin's current stagnant performance compared to gold and the increasing global money supply. Market dynamics suggest Bitcoin may catch up once gold prices stabilize, as liquidity typically favors riskier assets during such transitions.

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