Why is gold up today?

[btc78]

there seems to be a huge economic uncertainty going around right now. some say it’s from tariffs, some say it’s from geopolitical tension but one thing’s for sure gold hitting new all time high is putting pressure on the dollar. people have resorted to gold because they consider it as a safe haven.

are you holding gold right now?

[Charles-Tim]

What kind of pressure is gold putting on United States dollar? Or Trump is putting pressure on United States dollar while some people buy gold instead of dollar.

About the geopolitical tension, it was what that started it since last year. China and some other countries are buying gold, replacing United States dollar with gold.

[Ruttoshi]

The price of gold is increasing because investors have started diversifying into gold since it's a safe haven. The USD has lost 10% of its value recently giving investors the opportunity to buy gold to keep the value of their wealth. You should know that the price of bitcoin is on the sideways movement and we are close to the bear market, if not in the bear market. People are not ready to invest in bitcoin currently, because they don't have that full confidence in it because it's a speculative asset.

[Razmirraz]

The price of gold continues to increase due to several factors such as geopolitical conflict, inflation and the decline in the value of the world's major currencies ($) so that investors prefer safe assets (gold) as a hedge. Investors are also starting to see gold as the most attractive asset because global gold production is expected to decline, making its value even more valuable.
News that the Fed will cut interest rates and demand in the jewelry industry continues to increase, making the value of gold even more attractive. The reason given by @Ruttoshi is also very reasonable, some investors have withdrawn their funds because Bitcoin's movement is still flat, when the time comes, perhaps the market direction will shift and Bitcoin will show its teeth as an asset worth reckoning with.

[bitmover]

there seems to be a huge economic uncertainty going around right now. some say it’s from tariffs, some say it’s from geopolitical tension but one thing’s for sure gold hitting new all time high is putting pressure on the dollar. people have resorted to gold because they consider it as a safe haven.

are you holding gold right now?

I am holding some Tether gold.

I think there are several reasons for this gold bull run.

China and other central banks are buying.  There are some countries which are selling their US treasuries to buy more gold, as some people are losing their faith in USD and in the US.

Some money is moving from us treasuries to gold then.

Also, so  many geopolitical tensions all over the world. Gold is the best safe heaven

I hope some of this money comes to bitcoin too

[Free Market Capitalist]

Why shouldn't it be up?

Gold is measured in dollars, and since dollars are worthless, it makes sense that the price would rise. It's not that other currencies are better, except perhaps the Swiss franc, but what the rise in gold reflects is the markets' distrust of the fiat system that has dominated the world since 1971.

The problem for us is not that gold is rising, but that, for the moment, it seems to be absorbing all the liquidity that could go to Bitcoin. Just yesterday, it rose by the same market cap as Bitcoin in a single day, almost $2 trillion.

[YOSHIE]

Why is gold up today?

Currently the ongoing war is not just a nuclear war, a global economic war is also raging, there are actually a series of background reasons behind the current increase in gold prices, One of the reasons is the market shock due to the weakening of the US dollar, US monetary policy, high inflation and the current geopolitical polemic.

For this reason, several phenomena that are currently occurring encourage investors to respond quickly to immediately protect assets from devaluation of fiat money and unclear inflation and also overcome concerns about the value of the dollar, interest rates, shares, the only way to hedge is gold, many investors currently choose gold as their savings, it is not surprising if we look at this time, perhaps the price of gold continues to rise every hour.

[Zlantann]

there seems to be a huge economic uncertainty going around right now. some say it’s from tariffs, some say it’s from geopolitical tension but one thing’s for sure gold hitting new all time high is putting pressure on the dollar. people have resorted to gold because they consider it as a safe haven.

are you holding gold right now?

The US Fed's decision to maintain the current interest rates, the projected conflict between the US and Iran, and the tariff war are making people lose confidence in the US dollar. Gold and other precious metals are now the popular safe-haven asset. Some analysts are predicting that the price will hit $6,000 very soon. US close allies like Canada and South Korea will soon face higher tariffs and the buildup of military presence in the Middle East is all pointers that the price of gold might keep increasing.

I don't have any gold. The price of gold is now high, I would have considered investing it that asset. I am still observing the market.  

[snowpega]

There are many reasons, which is why gold is getting so much money flow into its market.

1. Whenever the dollar loses its value in the international market, this becomes the reason people start to put their money in gold, and due to this, gold starts to increase its value.
2. It can be due to geopolitical tension because whenever global uncertainty and conflicts rise, investors start to invest their money in gold as a safe haven.
3. It can be due to an increasing rate of inflation because when the rate of inflation becomes uncontrolled, investors start to put their money in safe assets to protect their earned money, and this can be bitcoin or gold. It depends on every person whether he likes gold or bitcoin as a safe haven asset.

These are some of the reasons that I believe can be reasons for the increasing rate of gold. CMIIW! And besides this if there is any other i would love you know it from you guys.

[Swordsoffreedom]

The price of gold has been rising for over a year now, not just today, and everyone knows the reason behind that increase.

However, what worries me more is that this growth shows no sign of stopping. This mean the world may face more instability in the near future. Worse still, in such an environment, Bitcoin may not be the asset that benefit. The price of Bitcoin could fall further in the coming day, and we should prepare for that

are you holding gold right now?

Absolutely, gold is also a potential investment. Therefore, it would be a mistake not to hold a certain amount of gold to diversify your investment portfolio and mitigate risk.
I hold gold, but the allocation is relatively small compared to Bitcoin

[FirmWars]

There were different articles I saw today, I didn't read the whole article since I don't show so much interest on gold and I'm not also holding it, but the article was stating what's making price spike this month, it says that investors are moving from bonds and fiat currencies to the hard asset gold and another says that many small investors has started joining the central banks in global gold rush, that's saying that the demand is high and has caused the price to spike this month.

 Gold is not just up today, it has been up trending since this month and has gain a 27% already just this month,

[adultcrypto]

there seems to be a huge economic uncertainty going around right now. some say it’s from tariffs, some say it’s from geopolitical tension but one thing’s for sure gold hitting new all time high is putting pressure on the dollar. people have resorted to gold because they consider it as a safe haven.

are you holding gold right now?

The reason investors are choosing gold is partly due to geopolitical tension as well as the policies of Donald Trump which suggest that he prefer a weaker dollar to boost local production in US for export. From the onset, he has been vocal about bringing the factories back to the US, that will not be completely possible with a very strong dollar, this is why I feel he is deploying the Japanese style of weakening their local currency for cheaper production to make more money through export. This may not be perfectly the case, but I feel there is a connection to that with the real reason, if different from this.

I was thinking that bitcoin will be among the asset enjoying this capital influx, but it seems investors have not really built so much trust on bitcoin, not forgetting volatility and easy of manipulation which is considered as a challenge with bitcoin. For instance, Satoshi and a few early developers still control a large chunk of the bitcoin total supply, imagine what will happen if they decide to sell. This is the thinking of the old money which is why they may not be inclined to choosing bitcoin over gold.

[Fortify]

there seems to be a huge economic uncertainty going around right now. some say it’s from tariffs, some say it’s from geopolitical tension but one thing’s for sure gold hitting new all time high is putting pressure on the dollar. people have resorted to gold because they consider it as a safe haven.

are you holding gold right now?

Today? Gold has been up day after day for weeks now, it seems that you're just identifying the trend. The reason is probably the absolute chaos, corruption and incompetence in the Trump administration that has actually instigated the downfall of trust in the US dollar as a reserve currency, along with all the US denominated debt out there. The illusion that they are governed reasonably sensibly, have all these checks and balances that they've been shouting about for decades, is finally bursting and even allies have had enough of the bullshit he spouts now. Until he goes there can be no healing, because he has instilled this bullying approach throughout his whole business career and pulling it back slightly from the brink is a feeble way of governing.

[Jatiluhung]

there seems to be a huge economic uncertainty going around right now. some say it’s from tariffs, some say it’s from geopolitical tension but one thing’s for sure gold hitting new all time high is putting pressure on the dollar. people have resorted to gold because they consider it as a safe haven.

are you holding gold right now?

Gold will naturally continue to rise after what we have seen from US monetary policy itself. The Fed has held interest rates steady, and we know that investors have begun to secure their assets in gold because their confidence in paper money has weakened (it seems). This is also related to news of the weakening US dollar after Trump said that the dollar was performing well and would not weaken excessively. However, these statements have led to multiple interpretations, sparking various speculations. Geopolitical factors also play a role.

So, there are actually many factors at play here. But what is clear is that people's confidence in gold is increasing at the moment. Personally, I have invested part of my assets in gold. Although it is not a large amount, if I calculate the profit, it is more than 200% of the initial price I paid.

[Cryptomultiplier]

there seems to be a huge economic uncertainty going around right now. some say it’s from tariffs, some say it’s from geopolitical tension but one thing’s for sure gold hitting new all time high is putting pressure on the dollar. people have resorted to gold because they consider it as a safe haven.

are you holding gold right now?

Today? Gold has been up day after day for weeks now, it seems that you're just identifying the trend. The reason is probably the absolute chaos, corruption and incompetence in the Trump administration that has actually instigated the downfall of trust in the US dollar as a reserve currency, along with all the US denominated debt out there. The illusion that they are governed reasonably sensibly, have all these checks and balances that they've been shouting about for decades, is finally bursting and even allies have had enough of the bullshit he spouts now. Until he goes there can be no healing, because he has instilled this bullying approach throughout his whole business career and pulling it back slightly from the brink is a feeble way of governing.

The geopolitical and economic anxiety tension is quite high right now in the U.S and in major countries like China, Russia, Iran. it is a serious concern as we experience a weakened dollar and de-dollarization by a country like China who has done so much to amass a huge quantity of gold just to protect its country from U.S unstable trade relations.
Tether also added gold to its portfolio and other institutions and individuals are doing same which is making it a hot buy right now with the price at about $5,600k per ounce.

[Odusko]

Current price of gold is at a surge high of $5,500 which is one price that gold have not attained for a very long time now and speculators are beginning to shift attention to what may likely be the reason for the sudden surge in the price of this commodity, but most are already pointing to the high demand for the commodity which is significantly the reason for most such quick jump in the price of an asset, while Bitcoin is at downtrend gold on the other hand is doing incredibly well this week.

[Shadiq]

People are becoming interested in gold because of people's trust in it and gold has proven to be a safe haven. Geopolitical instability, Trump's policy of imposing tariffs and the widespread use of gold will cause an unexpected increase in demand for gold. Supply is not increasing as much as demand, which is why we are seeing such a big rise in gold prices.

[leonair]

there seems to be a huge economic uncertainty going around right now. some say it’s from tariffs, some say it’s from geopolitical tension but one thing’s for sure gold hitting new all time high is putting pressure on the dollar. people have resorted to gold because they consider it as a safe haven.

are you holding gold right now?

The price of gold in the world market is increasing rapidly, it was completely unexpected. And there is no way to understand why the price of gold is increasing continuously. The price of gold has never increased at such a rapid pace before. However, the way its price is increasing rapidly, there is also a big fear that the price of gold may go down again in massive rate. Till now there has been no such incident where the price of gold has gone down at such a fast pace. But there was also no such history where the price of gold has increased so rapidly. So since the price of gold has set such a new record of increase, even if it goes down, it cannot be called unusual. So it is better to be careful in such hype.

[Gost ms]

The price of gold increases for many reasons. However, currently many countries have started to reserve gold instead of dollars. It may be for this reason or it may be for political reasons, it is not possible to find a correct explanation for this at the moment. However, investing in gold is very good, a good investment is included in it.

However, I am personally very focused on investing in Bitcoin. Bitcoin is currently much better than gold. If we make a difference between the price of Bitcoin and gold, then we can understand why Bitcoin is better than gold. If we look at how much the price of Bitcoin has increased since Bitcoin was created and the price of gold since it was introduced to the market. If we look at the difference between the two, then we will see that Bitcoin is much better than gold.

[slapper]

Tariffs cause inefficiency. Geopolitical tension is disruptive to trade. Central banks print money then are surprised when it gets stuck with inflation. The reason why the dollar is weakening is because we've got structural deficits, which nobody's willing to fix and we've got a Fed trying to do both support growth and control prices.

This is predictable results of bad decisions compounded over decades.

Gold's going up because of people being scared. But what are you covering yourself from exactly. Currency debasement, political instability, the knowledge that institutions you've trusted might not be trustworthy. That's pretty dark to think about when you come to think about it.

I don't hold gold because it seems like accepting the broken system without attempting to create something better.

We're all making individual acts of defense when the problem is systemic. But you can't fix the system from inside of it.

So you either opt out by holding assets that they can't control or you accept being subject to whatever policy chaos comes next. Gold's the traditional exit, and Bitcoin the principled exit.