- Gold has surged to an all-time high of $3,430 per ounce, continuing its strong bullish momentum since late 2024 and proving its status as a global safe-haven asset amid economic uncertainty
- Unlike Bitcoin, gold remained resilient despite recession fears tied to Trump’s tariffs, signaling increased investor interest in hedging against financial instability while BTC struggled to maintain its gains from early 2025
- Bitcoin hit $87,162 but still trades 20% below its January ATH of $109,632, while gold keeps breaking records, outperforming crypto as investors and nations pile into the precious metal
Gold has hit a new record-high price per ounce on April 21st, signaling that investors all across the world are getting ready for shaky economic times. Today, gold (XAU) hit its all-time high price per ounce at $3,430. The precious metal has been on a tear as of late, consistently breaking new price records seemingly every other day.
The safe haven asset has been trading on a powerful rally since December 19, 2024. Since then, gold has gained an incredible 32% increase in value, which for gold standards is quite a lot. Incredibly, gold markets have been bullish since November 2022.
As for the recent performance, gold hit new all-time highs on five out of the last ten days, signaling increased interest and demand for the asset. As economic uncertainty continues to loom over financial markets, the likelihood we see new ATHs over the next few weeks remains strong.
Differently from Bitcoin, XAU did not succumb to negative pressure from recession fears related to Donald Trump’s tariffs. Instead, gold continued to gain traction as investors sought the precious metal to protect their funds from economic instability.
Gold Outperforms Bitcoin in 2025
Whereas Bitcoin was beating the precious metal with its end-of-the-year rally in 2024, the story began to change after February of this year, when uncertainty related to the U.S. economy led investors and even nations to stockpile gold.
In the below chart provided by LongTermTrends, which covers how many ounces of gold are needed to buy 1 BTC, we can see how BTC started to fade after Nauary, effectively going bearish on March 1st.
Currently, $BTC trades at $87,162 at a 2.55% increase over the last 24 hours. As of today, Bitcoin is trading around 20% down from its $109,632 all-time high of January 20th.
While many consider Bitcoin to have the ability to become the ‘go-to’ store of value for scarcity and value retention, the fact of the matter is that investors are not ready to take that risk for the time being. Due to the risk of a recession growing larger by the day, global demand for gold from investors, institutions, and nations has grown exponentially over the past months.
With that being said, institutional adoption of Bitcoin has been largely on the rise, with companies like Strategy and Metaplanet leading the way towards BTC reserves. Moreover, governments all around the world are now at least pondering creating strategic Bitcoin reserves—which could mean a “shift” in Bitcoin’s ability to become a hedge against inflation soon.
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