Gold Surges to Six-Week High as Bitcoin Struggles to Regain Momentum

Global liquidity is shifting towards traditional assets as gold reaches its highest level in six weeks and stock indices break records. Gold prices surged by 2.8% to $4,213 an ounce, supported by a massive inflow of capital into Chinese ETFs and continued purchases by the People's Bank of China.

The S&P 500 index reached an all-time high of 7,793 points, reflecting broad bullish momentum in equity markets. Meanwhile, Bitcoin remains stuck around $64,000, under threat of a bearish break towards the $58,000 area.

Analysts note that sustained inflows into US-listed Bitcoin spot ETFs, calming US bond yields, and a return to positive Coinbase Premium are prerequisites for a sustainable recovery in Bitcoin's price. The current divergence between gold, stock indices, and Bitcoin reveals a critical transition phase in the allocation of global liquidity.