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AAAU
New York Post
119 days

Gold hits record high of $3.5K, Bitcoin tops $90K as investors flee US dollar

1. Gold hits new highs amid concerns over US dollar strength. 2. Gold surged nearly 30% since Trump's return, driven by central bank purchases. 3. Bitcoin reached nearly $91,000 as investors seek alternatives to the dollar. 4. Investor confidence in the dollar declines, benefiting gold and bitcoin. 5. Gold ETF holdings are at peak levels as capital flows away from US assets.

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FAQ

Why Very Bullish?

Gold's sustained rise and increased investment interest indicate strong demand. Historical periods of dollar weakness have correlated with gold price increases.

How important is it?

The article highlights a pivotal shift toward gold, directly affecting AAAU's market scenario.

Why Long Term?

As central banks increase gold purchases, demand may continue rising over several years.

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