Spot gold breaks through the $4300 mark, with safe-haven assets making a strong comeback

【Chain Wen】Spot gold just surged past $4,300 per ounce, marking its first breakout since October 21. The intraday increase of 0.47% may seem moderate, but it reflects a rising risk aversion sentiment.

As a traditional safe-haven asset, gold’s price movements often correspond to changes in global risk appetite. When geopolitical tensions, economic data, or market volatility trigger unease, capital tends to flow into gold and other safe-haven assets. From the perspective of crypto investors, gold’s strong performance usually indicates a reassessment of risk exposure in the market — a signal worth paying attention to, as it influences asset allocation strategies across the board.

In contrast, Bitcoin and other cryptocurrencies, as high-risk, high-reward assets, often exhibit an inverse relationship with gold. When gold continues to strengthen, some funds may withdraw from risk assets. This also reminds us that when building investment portfolios, we should not focus solely on the short-term fluctuations of individual assets but also observe the relative strength and weakness of various assets within the macro environment.