The post Gold Price Surges Above $5,000: What’s the Next Target? appeared on BitcoinEthereumNews.com.
The Gold price has surged past the $ 5,000-per-ounce mark, setting a historic benchmark for the precious metal. This move suggests mounting investor concern over the US Dollar’s ongoing decline, while Bitcoin and Ethereum remain well below critical levels Sponsored Sponsored Gold Rockets Past $5,000 Amid Dollar Collapse As of this writing, Gold is trading for $4,987 after establishing an intra-day high of $5,009 on January 24. The precious metal is up by almost 20% in the last 24 hours. Gold (XAU) Price Performance. Source: TradingView Meanwhile, the US Dollar Index (DXY) has nosedived to 97.45, a multi-month low as this level was last tested in September 2025. US Dollar Index (DXY) Price Performance. Source: TradingView The milestone coincides with a striking on-chain move, where a single trader on the Bybit exchange deposited 7 million USDT and withdrew 843 XAUT, worth $4.17 million, highlighting growing interest in tokenized gold as a hedge against fiat volatility. Lookonchain, which monitors blockchain transactions, flagged the activity, noting that the sizable XAUT purchase is among the largest tokenized gold movements in recent months. Sponsored Sponsored The trade may indicate potential profit-taking or reallocation strategies as gold reaches unprecedented levels. While cryptocurrencies have traditionally been considered an alternative to fiat, the latest price action highlights gold’s resilience relative to digital assets. Ethereum trades at $2,958 and Bitcoin at $89,615, with gold’s rally outpacing the gains of leading cryptos in recent weeks. Such divergence reflects gold’s continuing role as a safe-haven asset during periods of macroeconomic uncertainty. The US Dollar’s decline has been a central driver of the surge. According to recent market commentary, the greenback has lost nearly 50% of its value relative to gold over the past year. Notably, this is the largest drop in US history. This is very concerning… The US Dollar…