Gold heading for another record – will Bitcoin follow suit?

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Last Updated on 11 August 2025 by CryptoTips.eu

In part because of the new import tariffs announced by the Trump administration, investors reacted by steering gold to a record price on the futures markets. Bitcoin also climbed back to $120,000 this weekend. Will a new ATH be reached this week?

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Safe haven

Whenever an economic war is on the horizon, investors always turn to the ultimate safe haven: the precious metal known as gold. Now that Trump is imposing a 50% import tariffs on India (even though India exports more to the United States than it imports) in retaliation for the Indian government’s decision to purchase oil from Russia, the sama behavior is being repeated. On the futures markets, gold has already returned to the record high we saw in April of this year, around $3,400 per ounce.

By now, gold has risen some 40% this year.

Along with gold, Bitcoin also seems to have found the ways up again. Although not very convincingly and with less volume than usual, the largest digital currency nevertheless rose consistently on Saturday and Sunday, trading close to the $120,000 level again.

Bitcoin meanwhile has risen by some 25% this year.

Alaska

The future direction of these two commodities likely depends on the outcome of talks between Russian President Putin and US President Trump, scheduled for this Friday in Alaska. The oil price, which has already fallen 18% this year, is also something to keep an eye on.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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