Gold Surges 8.52% to $3,300 Amid US Tariff Uncertainty

Gold prices have surged past the significant milestone of $3,300, marking an all-time high and energizing investors, particularly those with a keen interest in gold. This upward movement has been particularly notable, with the price of gold starting the month at $3,114.040 and reaching $3,132.63 on the second day. However, between April 3 and April 7, the price experienced a correction, slipping from $3,131.085 to $2,980.780. This correction coincided with global market uncertainty caused by the implementation of an aggressive tariff policy by the US President and its subsequent 90-day pause offered to non-retaliating countries.

On April 8, the market witnessed a tough fight between buyers and sellers, creating a long-legged Doji candlestick pattern on the daily chart of gold. The trend shifted on April 9, with the market steadily climbing. Between April 9 and 11 alone, the market surged by over 8.52%. Currently, the gold market looks bullish. At the start of today, the gold price was $3,230.255. At present, it sits at $3,296.745. The trend indicates that the market will witness a bullish rally today.

Meanwhile, the Bitcoin price has dropped below the market of $83,380. In the last 24 hours alone, the BTC market has declined by over 2.6%. Right now, the price of BTC sits at least 5.87% below the peak of the month, and over 23.53% below its all-time high of $109K. In the first quarter of this year, the Bitcoin market recorded a drop of no fewer than 11.7% – in the previous year, during the same quarter, the market reported a rise of 68.7%.

Acclaimed gold advocate Peter Schiff, known for his skepticism against the future of Bitcoin, has advised investors to sell all their Bitcoin holdings. Unsurprisingly, he has recommended investors to buy gold mining stocks. According to the analyst's forecast, companies engaged in gold exploration, mining, processing, extraction, and smelting, have experienced an average surge of 16.69% in the last 30 days. The sector’s YTD return stands at +47.16%. The one-year return of the sector is +60.29%, and the 3-year return and 5-year return are +26.77% and +73.77%, respectively.

In December 2024, at a time when Bitcoin was in its best moment, Strategy co-founder Michael J Saylor advised top US tech companies, including Microsoft, to adopt its aggressive BTC accumulation strategy. Strategy, with 528,185 BTC tokens worth $44,050,903,656, is the public company, which owns the highest number of BTC tokens. Schiff has denounced Strategy’s BTC accumulation strategy. Earlier, Schiff even predicted that BTC could drop as low as $10,000.

Renowned crypto analyst Eric Balchunas recently highlighted that Strategy has significantly outperformed U.S. tech stocks in 2025. Over the past year, Strategy’s stock has surged by 147.78%, with a year-to-date (YTD) growth of 7.29%. In the last 30 days alone, it has climbed 5.59%. In contrast, according to the analyst's forecast, the broader U.S. tech sector has gained just 6.82% over the past year and recorded a YTD decline of -14.56%.