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Gold just set a new all time high.
Gold reached $4,730/oz on Jan 20, 2026, extending a 70%+ YTD rally as safe haven demand accelerates.
The move comes amid renewed trade war risks following Donald Trump’s second term, with tariff threats toward Europe and China lifting inflation hedges. Analysts at Reuters and JPMorgan cite tariffs and geopolitical tension as key tailwinds.
As gold surges, comparisons with Bitcoin’s volatility as a geopolitical hedge are back in focus.