3 hours ago

Gold Outshines Bitcoin As Trump's Gaza Plan, US-China Tensions Fuel Rally—Peter Schiff Calls It 'Extremely Bullish'

Gold prices surged to an unprecedented high of $2,849.05 per ounce on Wednesday, driven by renewed U.S.-China trade tensions and geopolitical uncertainties in the Middle East. The precious metal has demonstrated resilience this year, posting a 7.31% year-to-date gain, outperforming Bitcoin‘s (CRYPTO: BTC) 4.27% increase during the same period.

What Happened: The latest rally came after former President Donald Trump imposed a 10% tariff on Chinese imports, prompting a measured response from Beijing.

Peter Schiff, a prominent economist and gold advocate, views current market dynamics as bullish. “The fact that the public is selling and not buying is extremely bullish for gold. It’s a contrarian indicator,” Schiff posted on X, suggesting that ...

Full story available on Benzinga.com

Read Entire Article

© NewsMage 2025. All rights are reserved