The Russian-Ukrainian front is tense and safe-haven buying breaks out! Gold breaks $2,700, Bitcoin rises to challenge $100,000
The ongoing tension between Russia and Ukraine has driven global funds to flock to safe-haven assets. The price of gold once again exceeded US$2,700 per ounce on the 22nd, with a single-week increase of nearly 6%. Spot gold was quoted at US$2,712, setting a new high in November. In addition, affected by Trump's public support, the price of Bitcoin broke through historical highs and continued to move towards the $100,000 mark.
Faced with the surge in both gold and Bitcoin, how global investors choose asset allocation has become the focus of attention. Experts believe that Bitcoin’s recent surge may have created a false sense of security and ignored gold’s long-term stability. He emphasized that gold, as a traditional safe-haven asset, has a long-term bullish value and may even exceed US$100,000 per ounce in the next 20 years.
The geopolitical risks brought about by the Russia-Ukraine war have made safe-haven buying become the mainstream of the market. The rapid rise in gold prices reflected concerns about global economic instability, while Bitcoin received additional boost from Trump's public support for cryptocurrency policies.
Investment experts remind that in the current highly volatile market environment, risk-diversified asset allocation is particularly important. Gold remains a stable first choice as a safe haven, but for high-risk, return-seeking investors, Bitcoin may be the focus of attracting funds in the short term.
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