Gold (Xau) He has had a remarkable race this year, highlighting among the main assets, including Bitcoin . But it is not just gold: its beautiful silver, platinum and paladium have also enjoyed strong profits, surpassing BTC.
While the price of gold has increased 44% to a record of $ 3,784, La Plata has earned 53% to $ 44.32 per Troy ounce, according to Data Source TradingView. If that is not enough, platinum has earned 60% to $ 1,452, while the paladium has increased 33% to $ 1,207.
Meanwhile, Bitcoin, often promoted as digital gold, has failed to follow the rhythm of precious metals, increasing a little more than 20% to $ 113,000.
The verdict is clear when the performance of the year is considered in which precious metals, led by gold, remain the safe shelters and inflation coverage in the midst of a deteriorated fiscal perspective for advanced economies, the growing threat to the independence of the Fed and the commercial war of President Donald Trump.
In addition, the central banks that diversify in gold have provided a large tail wind for metal and its precious counterparts. Global Central Banks accumulate around 36,000 metric tons of gold, according to a study by the European Central Bank.
His purchase spree began as a result of the crisis of the Coronavirus and accelerated more after the invasion of Ukraine of Russia in 2022, both events inject inflationary pressures in the global economy. In the last three years, they have added more than 1,000 metric tons annually, a record rhythm that is more than double the average of the previous decade.
Bitcoin, however, has not yet won a place in the balances of the central banks, which limits their role as reserve asset. In addition, cryptocurrency profits may have been limited by continuous liquidations/distributions by old wallets above $ 110,000. According to reports, these flows have compensated ETF inputs.
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