Gold approaches new highs, will Bit take over? Analyst: Trump's tariff threat, funds now see a large hedging trend

Under Trump's tariff threat, many investors have gradually shifted their funds to safe-haven assets such as gold and silver before Trump took office, further driving gold to reach $2749 today. Economies.com, a well-known financial information website, speculates that the gold price will continue to rise in the near future, with the potential to impact the historical high of $2790. (Background: Trump has threatened to impose a 25% tariff on Mexico, and the USD index is rising sharply. Is tonight's U.S. stock market in trouble?) The global situation has been in continuous turmoil in recent years, further driving the continuous rise of safe-haven assets such as gold due to factors such as the Ukraine-Russia war, Middle East conflicts, and the possibility of economic recession. For example, on the eve of the U.S. election, due to market uncertainty about the presidential candidates, gold reached a historic high of $2790 on October 30 last year. However, after Trump's election was confirmed, gold also experienced a pullback correction in November last year, falling to a low of $2563, a decrease of 9.2%. But with Trump's repeated claims to launch a tariff war, coupled with the expectation of a rate cut by the Federal Reserve, the gold price also rebounded, rising to a high of $2758.67 today, a rise of less than 2% from creating a new high. Economies.com also stated in its latest article today that gold is attempting to break through the resistance line of the bullish channel and is expected to continue to rise in the near future: The gold price started to rise further today and attempted to break through the resistance line of the bullish channel, supporting our expectation of a bullish trend in the gold price in the day and short term. The next target for the gold price is the recent historical high of $2790.00 per ounce. Experts: Trump's tariff threat is looming, intensifying investors' risk aversion. Just after Trump took office on the 20th, he announced a plan to impose a previously threatened 25% tariff on Mexico and Canada by February 1, and reiterated his view that the two neighboring countries are allowing illegal immigrants and drugs to flow into the United States. He said in the Oval Office during a press briefing: We are considering imposing a 25% tariff on Mexico and Canada because they are allowing a large number of people to enter the United States. I believe we will take action on February 1. Despite the fact that Trump has not yet signed any official executive orders related to tariffs, it is quite clear that the news has already spread. An anonymous financial expert told TokenInsight: Trump's executive orders will be signed slowly every day, so the impact of tariffs will gradually increase and not erupt all at once. Therefore, some investors have already started to buy gold for hedging. High tariffs are harmful to the economy in the medium and long term, so if a country extensively implements high tariffs, it will actually damage economic interests and economic vitality. Will BTC be the next big pump target? On the other hand, as funds gradually move to safe-haven assets, will BTC, known as "digital gold," pump along with it? An anonymous financial expert told TokenInsight: Based on past experience, gold will rise first when the demand for safe-haven assets (war) surges, while BTC will catch the tail end of the demand for safe-haven assets. However, it is important to note that during times of war and financial crises, BTC still follows the trend of the global stock market and falls. In addition, before taking office, Trump had many favorable information cryptocurrency policies, and within several departments of the U.S. government, there were established cryptocurrency-related organizations. In response, the cryptocurrency-related policies released by the Trump administration may become a catalyst for a big pump in BTC.