Gold Beats Ethereum to $5K Milestone, Hitting Record Above $5,100

Gold surged to a caller all-time precocious terms supra $5,100 per ounce connected Monday, confirming predictions from users connected Myriad that it would apical $5,000 earlier Ethereum.

Users connected the prediction marketplace platform—which is owned by owned by Decrypt's genitor company, Dastan—have been bullish connected golden since November 22, 2025. At the clip golden predictors pulled ahead, the precious metallic was hovering astir $4,000 per troy ounce and Ethereum had sunk to astir $2,680, according to crypto terms aggregator CoinGecko.

In fact, 69% of users connected Myriad present deliberation it's apt that Ethereum drops to $2,500 sooner than it tin ascent backmost to $4,000, reflecting a increasing bearishness astir the second-largest crypto asset. ETH was precocious trading for $2,883.

It's not arsenic though Myriad users were unsocial successful reasoning that golden was headed higher. Wall Street elephantine Goldman Sachs precocious enactment retired a caller terms forecast calling for golden to scope $5,400 earlier the extremity of the year.

Gold tends to surge erstwhile investors are positioning for uncertainty arsenic commercialized tensions flare. While the metallic has benefited from its long-standing relation arsenic a harmless haven, cryptocurrencies similar Ethereum and Bitcoin have struggled to pull the aforesaid antiaircraft flows, trading much similar hazard assets than hedges against geopolitical stress.

The closest ETH has gotten to surpassing the milestone was erstwhile it acceptable a caller all-time precocious of $4,946.05 successful August. At its existent price, Ethereum has fallen much than 10% successful the past week, according to CoinGecko.

Gold has present surged higher past $5,100 per ounce for the archetypal clip successful its history. The terms of golden jumped by 65% successful 2025 and has present gained astir 12% successful the archetypal 3 weeks of 2026.

The golden spike comes aft President Donald Trump threatened implicit the play to hike tariffs connected Canada by 100% if it made a commercialized woody with China.

"Canada is systematically destroying itself. The China woody is simply a catastrophe for them. Will spell down arsenic 1 of the worst deals, of immoderate kind, successful history," Trump wrote successful a Truth Social station implicit the weekend.

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Canadian Prime Minister Mark Carney said connected Sunday that Ottawa has nary plans to prosecute a escaped commercialized woody with China, noting the caller statement lone reduces tariffs connected prime sectors. But Canada inactive appears to beryllium trying to diversify its trading partners to trim reliance connected the U.S.

Now a commercialized envoy is telling Reuters that Carney volition apt sojourn India successful March to "sign deals connected uranium, energy, minerals ​and artificial intelligence."