Bitcoin traders bet that the top crypto will hit $100,000 by the end of January, according to data from Coinbase’s Deribit derivatives exchange. Open interest, a measure of outstanding contracts, is heavily skewed toward options expiring on January 30 with a $100,000 strike price. Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom, said in December that he expects Bitcoin to get even higher and hit $200,000 by March. That would double the cryptocurrency’s market value to just ov ...

This divergence is also observed in 2018 and 2022, where the Bitcoin price dropped by 73% and 64%, respectively. However, the gold remains flat or only shows modest growth during these years. The gold has fulfilled its function as a defence of capital in periods of market turbulence. The same situation is noticed in 2025, where the gold market continues to show strong bullish momentum while the price of Bitcoin is falling below $100,000. This unusual divergence indicates investor habits that could reshape e ...

Key Takeaways NEM shares jumped 81.6% in six months, outpacing the industry's 73.9% rise. Newmont benefits from gold up 73% this year, driving earnings, free cash flow and a 3-4% dividend.NEM's focus on Tier-1 assets, Ahafo North growth and divestments boosts output visibility and confidence. Newmont Corporation (NEM) has witnessed a strong share price surge over the past six months, driven by a combination of supportive macro conditions, improving fundamentals and positive market sentiment. Shares of NEM h ...

Gold and silver fans celebrate a monster year in 2025 while many Bitcoin holders feel stuck on the sidelines. Gold price gained more than +70% and silver price exploded over +180%, even after a sharp pullback from record highs. At the same time, Bitcoin faced liquidity stress and ETF outflows as investors hunted for safety. Silver briefly broke above $83 per ounce before dropping back, a move that followed months of supply worries and strong industrial demand. Gold marched higher all year as central bank ...

The value of silver has risen by 159pc since the start of the year - Wei Leng Tay/Bloomberg Silver is on track for its best year since 1979 as a Chinese crackdown on exports helps fuel a huge price rally. The precious metal jumped by 6.29pc on Friday to hit an all-time high of $76.37 (£56.59) per ounce. Silver has now risen by 159pc since the start of the year, more than double the 70pc rise in gold prices recorded so far this year. Precious metals are considered a safe-haven asset and investors have ...

Gold has hit multiple records in 2025, but analysts believe the rally is far from over, with some forecasting the yellow metal could climb to US$5,000 per ounce amid geopolitical tensions and a buying spree by central banks. Spot gold broke through the US$4,500-per-ounce mark for the first time, reaching a record US$4,510 on Christmas Eve on Wednesday, which was 72 per cent higher than the end of last year, when it stood at US$2,624. This was the biggest annual jump for the precious metal, exceeding the ...

Core Viewpoint - Gold has significantly outperformed the S&P 500, trading at over $4,000 per ounce with a year-to-date gain of 54%, compared to the S&P 500's 13% increase [1][2] Gold Market Performance - The strong performance of gold highlights its status as a safe-haven asset amid market volatility, high inflation, and macroeconomic risks [2][5] - Central banks and institutions are accumulating record amounts of gold, making gold ETFs an accessible option for investors [3][10] Factors Driving Gold's Outperformance - Geopolitical instability, rising U.S. national debt, and tariff uncertainties have led to increased diversification into gold by central banks and private investors [5][6] - The S&P 500 has faced challenges from high valuations and concerns over the sustainability of the tech sector, particularly the AI industry [6][7] Future Outlook for Gold - The outlook for gold remains strong, driven by structural demand factors, including continued purchases from central banks [8][9] - J.P. Morgan projects gold prices could reach $5,200-$5,300 by the end of 2026, indicating a potential 25% increase from current levels [9] Recommended Gold ETFs - SPDR Gold Shares (GLD): Approximately $136.33 billion in AUM, with a year-to-date gain of 54.6% and a NAV of $374.65 [13] - iShares Gold Trust (IAU): $63.21 billion in net assets, year-to-date gain of 54.9%, and a NAV of $76.49 [14] - iShares Gold Trust Micro (IAUM): $5.41 billion in net assets, year-to-date gain of 55.1%, and a NAV of $40.48 [15]

Core Insights - The Swiss franc has reached a 10-year high against the euro, driven by expectations of persistent inflation and potential reductions in US tariffs, leading to increased demand for the currency [1][3] - The franc's rise is supported by comments from the Swiss National Bank (SNB) indicating a slight increase in inflation, which has reduced speculation about a return to negative interest rates [2] - Hedge funds are positioning for further appreciation of the franc, particularly against the euro and yen, as December is historically a strong month for the currency [4] Currency Performance - The Swiss franc increased by 0.4% to 0.91862 per euro, marking its strongest level since January 2015 [1] - The current upward trend is on track for a seventh consecutive daily gain, the longest winning streak since August 2024 [1] Market Sentiment - Money markets have decreased the probability of negative interest rates to less than 30%, down from approximately 64% a month ago, reflecting a shift in market sentiment [2] - Reports of Switzerland nearing a 15% tariff reduction on exports to the US have further bolstered the franc [3] Hedge Fund Activity - Hedge funds are increasingly betting on the strength of the franc against the euro and yen, indicating a bullish sentiment in the market [4] - There is a potential for long positions against the US dollar as well, given the historical performance of the franc in December [4]

Core Insights - Gold prices have reached a three-week high, exceeding $4,200 per ounce, driven by investor expectations of potential interest rate cuts by the Federal Reserve in December following the release of delayed economic data [1][4][12] - The price of spot gold peaked at $4,215.49 per ounce, marking a significant increase of 60% year-to-date, with a record high of $4,381.21 reached on October 20 [1][17] - The recent rally in gold prices is attributed to a combination of factors including rising ETF inflows, geopolitical concerns, and central banks purchasing gold at unprecedented levels as part of a de-dollarization trend [8][9] Economic Context - The U.S. government has reopened after a 43-day shutdown, which is expected to lead to the release of delayed economic data that could influence market sentiment [2] - A Reuters poll indicates that 80% of economists anticipate a 25 basis-point interest rate cut at the next Federal Reserve meeting, which would typically support gold prices [4][12] - Private surveys have indicated job market weaknesses during the shutdown, further contributing to expectations of rate cuts [5] Market Dynamics - The correlation of gold with traditional market drivers such as the U.S. dollar and real yields has weakened, suggesting a shift towards structural concerns like currency debasement and U.S. debt [6] - Gold has historically been viewed as a hedge against inflation and economic instability, and the current market behavior reflects growing investor anxiety regarding the U.S. fiscal outlook and potential currency devaluation [9] - The surge in gold prices has outpaced equities this year, raising concerns about a potential bubble, particularly in light of speculative risks in the stock market [14][17] Price Movements - As of Thursday, U.S. gold futures for December delivery settled at $4,206.20 per ounce, reflecting ongoing demand for the safe-haven asset amid economic uncertainties [18]

Core Insights - The recent correction in gold and silver prices presents a reentry point for investors [1] - The gold to silver ratio has increased to 85, indicating potential buying opportunities for silver if the ratio rolls over [2][3] - Silver is beginning to outperform the SPY, suggesting a shift in market dynamics [5] Gold and Silver Market Analysis - The SLV ETF has maintained its position above the 50-day moving average, which is a positive sign for silver [4] - A persistent supply deficit and rising industrial demand, particularly from green technologies, support the bullish outlook for silver [8] - The momentum indicators for gold show that while prices are climbing, they are not yet at the highs seen in October, indicating caution [15][16] Ratio Dynamics - A break below the 78 level in the gold to silver ratio could lead to a bullish sentiment for silver and a potential rise in gold prices [18]