Overview
- Spot gold climbed past $5,100 per ounce at Monday’s peak and silver touched about $110, extending a powerful safe-haven rally fueled by central-bank buying and dollar weakness.
- Bitcoin traded in the mid-to-high $80,000s after weekend selling, with U.S. spot ETFs posting more than $1.3 billion of net outflows over the past week.
- On-chain data show holders selling at a loss for the first time since 2023, with older wallets exiting and heavy supply overhead near $98,000–$100,000 capping rallies.
- Traders cited Trump’s latest 100% tariff threat against Canada, lingering Greenland-related tensions, worries over Fed independence, and rising U.S. shutdown risk as key drivers of the risk-off tone.
- Late-session updates showed precious metals easing off intraday highs, though analysts still flagged scope for further gains if currency and policy uncertainty persists, while bitcoin is seen range-bound unless key supports break.