Odaily News 10x Research said in its market analysis that gold and Bitcoin are entering a critical juncture in the market. As gold rebounds to near all-time highs and Bitcoin continues to show bullish momentum, macroeconomic factors such as easing inflation concerns, lower-than-expected tariffs, and dovish comments from the Federal Reserve are driving optimism.
Gold prices stopped their upward momentum and entered a consolidation phase in late October last year, a week before Trump’s election. This was attributed to potential inflationary pressures from Trump’s proposed immigration and tariff policies, as well as his promise to replenish the strategic oil reserve. Economists predict that all of this could push up inflation expectations.
With Trump’s tariff announcements being milder than expected, and Fed Governor Waller taking a dovish tone last week, there are solid macroeconomic reasons to support gold’s return to all-time highs, as well as Bitcoin’s continued rise. These factors, along with last week’s CPI data, are key considerations that make us more optimistic about the current market outlook.