Gold and bitcoin are both vying to be safe havens for investors. Why gold is winning so far this year. - MarketWatch

1. Gold futures hit record highs, leading over bitcoin in 2025. 2. Gold rose after U.S. tariff announcement but later trimmed gains. 3. Geopolitical tensions boost demand for gold as a safe haven. 4. Strong central bank purchases support gold amid macroeconomic uncertainties. 5. Short-term momentum for gold remains positive compared to bitcoin.