Tag: Gold

El Salvador stockpiles gold, Bitcoin amid market jitters

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El Salvador’s Central Reserve Bank (BCR) said Thursday it bought 9,298 troy ounces of gold worth $50 million, its second gold purchase since 1990 and the first this year. El Banco Central de Reserva realizó una nueva adquisición de 9,298 onzas troy de oro en los mercados internacionales, equivalentes a US$50 millones, como parte de su estrategia de incremento en las tenencias de este metal. pic.twitter.com/1GD7H4Bd0X — Banco Central de Reserva (@bcr_sv) January 29, 2026 The acquisition follows El Salvador’s purchase of $50 million worth of gold in September 2025,…

Gold and silver slide after record highs as profit-taking hits metals and markets

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Sharp pullback erases trillions in value as broader selloff weighs on risk assets. Gold and silver fell sharply today, reversing from record highs as investors locked in profits following an extraordinary rally in precious metals. Gold dropped nearly 5% to around $5,100 after topping $5,500 a day earlier, while silver slid about 10% to near $107 after surging to $120 in early trading. The pullback wiped out an estimated $2.7 trillion in gold market value and roughly $800 billion in silver. Gold remains up about 20% over the past month,…

Bitcoin slides to $85K as global selloff sweeps stocks, tech, and gold

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Bitcoin fell more than 4% to around $85K as a broad risk-off move swept global markets, with the leading digital asset dropping alongside equities, tech stocks, and gold. The S&P 500 declined over 1% while the Nasdaq slid more than 1.8%, with US equities opening sharply lower following a steep drop in Microsoft shares. Microsoft fell about 11% after its earnings report, dragging the broader technology sector lower. Tesla dropped around 2%, Google slipped roughly 2.5%, and Nvidia fell about 1.5%. The selloff extended beyond equities. Gold, which topped $5,500…

Hang Seng Taps Ethereum for Planned Tokenized Gold Fund Units

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Hang Seng Investment Management has rolled out a new physically backed gold exchange-traded fund (ETF) in Hong Kong, with an option for future tokenized access to the asset. The Hang Seng Gold ETF, which began trading on the Hong Kong Stock Exchange on Thursday under stock code 3170, is designed to track the LBMA Gold Price AM, the widely used morning benchmark set in London. The fund is structured as a passive ETF and holds physical gold bars that meet London Bullion Market Association good delivery standards, according to product…

Gold Almost Adds Bitcoin’s Market Cap in a Day

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Bitcoin traded down on Wednesday as gold rallied 4.4% over 24 hours, adding a massive $1.65 trillion to its market cap in a single day.  Gold breached $5,500, bringing it to a new all-time high, while its total market cap rose to $38.77 trillion, with the single-day increase nearly matching Bitcoin’s (BTC) $1.75 trillion market cap, Infinite Market Cap data shows. Silver is on a tear too, having rallied 21.5% over the last week to a $6.6 trillion market cap, further expanding its lead on Nvidia — the largest publicly…

Gold rally, FOMC outcome And Weak DXY May Extend Crypto Market Rally

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Key points: Bitcoin is facing resistance at $90,500, but a positive sign is that the bulls have kept up the pressure. Several major altcoins are attempting to start a recovery, but are expected to face selling at higher levels. Sellers are attempting to maintain Bitcoin (BTC) below the $90,500 level, but the bulls continue to exert pressure. Fundstrat managing partner Tom Lee said on CNBC that cryptocurrencies should rise on a weaker dollar, but traders have responded by continuing to pile into gold and silver. Lee suggested that crypto is…

Gold at $5,300 Splits Strategies at Tether and Coinbase

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As gold prices surged to $5,300 this week, Tether and Coinbase — the two companies behind the world’s largest US dollar stablecoins — are taking different approaches to gaining exposure to the precious metal. Spot gold climbed above $5,300 per ounce on Wednesday, posting a record high of $5,311 at 3:30 am UTC, according to TradingView data. Amid the rally, Tether, issuer of USDt (USDT), the world’s largest stablecoin, doubled down on its gold accumulation, while Coinbase, a key partner in the USDC (USDC) stablecoin consortium, promoted access to gold…

Crypto Rally Awaits Gold And Silver Cooldown

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Fundstrat managing partner Tom Lee predicts that crypto markets will likely catch up once gold and silver begin to take a break from their recent rallies. Tom Lee said on CNBC’s Power Lunch on Monday that crypto should be going up on a weaker dollar and an easing Federal Reserve.  However, it doesn’t have the leverage tailwind because the industry delevered, “and as long as gold and silver are rising, then there’s a FOMO into buying that instead of crypto,” he said. “Because when gold and silver take a break,…

Stablecoin Fall Shows BTC, Crypto is Losing Capital to Gold

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A $2.24 billion drop in total stablecoin market capitalization over the last 10 days could signal capital is leaving the crypto ecosystem and may delay market recovery, according to a crypto analytics platform.  In a post to X on Monday, Santiment said much of that capital has rotated into traditional safe havens like gold and silver, pushing them to new highs, while Bitcoin (BTC), the broader crypto market and stablecoins have retraced. Top 12 stablecoins by market cap collectively fell by $2.24 billion over the past 10 days. Source: Santiment…

Gold’s Digital Rally Signals Dollar Stress as Tokenized Gold Surges

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The market for tokenized gold is expanding in step with rising demand for physical bullion, highlighting a broader shift toward traditional safe-haven assets as geopolitical tensions and trade uncertainty push investors away from the US dollar. On Monday, Tether said its Tether Gold (XAUt) now represents more than half of the entire gold-backed stablecoin market, with a total value exceeding $2.2 billion. Tether disclosed that 520,089 XAUt tokens were in circulation at the end of the fourth quarter, with each token backed one-for-one by physical gold held in reserve. Tether…