Gold Hits Report Excessive Over $5K As Bitcoin Falls Under $86K

Gold costs have topped $5,000 amid rising geopolitical and international commerce tensions, whereas Bitcoin has fallen towards $86,000 because the divergence between the 2 belongings widened. 

Gold surged to a file excessive of $5,080 on Monday following a 17% acquire to this point this yr, in accordance to Gold Worth, with merchants flocking to the valuable metallic amid fears of a possible US authorities shutdown and uncertainty over the Trump administration’s escalated tariff threats.

“A possible authorities shutdown simply added gas to the hearth for treasured metals,” the Kobeissi Letter stated on Monday.

Commerce tensions have additionally elevated with one other weekend spherical of tariff threats as US President Donald Trump threatened Canada with a 100% tariff over a China commerce deal.

Gold beat Ether (ETH) to the $5,000 milestone, closing out a Polymarket wager positioned in early October on which asset would attain it first. ETH costs tanked beneath $2,800 on Sunday and are actually greater than 40% down from their August all-time excessive of $4,946. 

Silver has additionally surged above $107 per ounce for the primary time in historical past and is up 48% to this point in 2026.

Bitcoin and gold correlation crumbles

Bitcoin (BTC) has misplaced 1.6% on the day, erasing all of the features it made to this point this yr because it fell to a five-week low just under $86,000 on Coinbase late on Sunday, in accordance to TradingView.

Bitcoin is now 30% beneath its October peak of $126,000 because the divergence between the digital asset and gold continues to increase. 

Associated: Bitcoin sells off into weekly shut as bulls face $86K BTC worth reckoning

Traders extra thinking about gold than treasuries 

Gold is rallying, and cryptocurrencies are down due to the rising chance that the US authorities will face a shutdown on the finish of the month, says Jeff Mei, chief operations officer on the BTSE change.