# 现货黄金再创新高

# Spot gold hits a new high
Yesterday I just analyzed the correlation between gold and Bitcoin, and today gold has once again surged into the trending topics. Spot gold (London Gold Spot) has for the first time ever crossed the $4500/ounce mark, accumulating a rise of over 70% this year. Spot silver has also broken through $70/ounce for the first time, with COMEX silver futures closing up 4.44% at $71.61/ounce, setting a new historical high. On the other hand, Bitcoin has decreased instead of increasing, showcasing the seesaw effect of capital once again. Today, our little fortune god will ana

#现货黄金再创新高
Gold is rising, has risk appetite really decreased?
Many people simply equate "gold rising" with "declining risk appetite," but this logic may have held true 10 years ago; however, it's somewhat outdated now.
The current market is not about "whether to take risks" but rather **"what kind of risks to take"**.
The rise in gold indicates an increased demand for "certainty" in the market, but this does not mean that funds are now averse to risk; instead, they are starting to dislike risks that involve "telling stories without delivering".
BTC is caught in a delicate position: it is

#现货黄金再创新高
Gold reaching new highs is actually a form of "psychological training" for BTC.
Gold broke through 4381.4 USD, seemingly unrelated to BTC, but in reality, it is quietly doing something very important: 
👉 repeatedly reminding everyone: the certainty in this world is truly becoming less and less.
When the "risk-free interest rate" is no longer risk-free, and the credit of currency is repeatedly overdrawn, gold, as an asset that "promises nothing but always exists," will naturally be in demand.
The logic of BTC is essentially a different version on the same line as gold.

One is old-s

#现货黄金再创新高
The new high in gold doesn't mean "the world is ending", but rather that money has matured first.
Spot gold has broken through 4381.4 USD/ounce, hitting a new historical high. Many people reflexively interpret this as:
"It's over, global risk appetite is declining, and funds are starting to flee."
But to say a less alarming truth: this round of gold strength seems more like funds have "become more seasoned," rather than "being scared away."
If it were truly extreme panic, the market would experience a full-scale stampede, liquidity depletion, and uncontrolled volatility. B

#现货黄金再创新高
Gold and BTC are not a choice between the two, but a sequence.
If you have to choose between gold and BTC, you might be asking the wrong question. The real question should be: Where is the market right now?
At the current stage, it is more like: 
1️⃣ Gold confirms long-term anxiety 
2️⃣ Funds re-understand the price of "safety" 
3️⃣ Risk assets are temporarily pressed down and calmed.
This step does put pressure on BTC, but it does not negate it.
Historically, the major bull markets for BTC have almost never started when the "world seems very safe" but have instead erupted during ph