Gold Beats Ethereum to $5K Milestone, Hitting Record Above $5,100
Gold reached a historic high above $5,100 per ounce, surpassing the $5,000 mark before Ethereum as predicted by users on the Myriad prediction market. Myriad users have been bullish on gold since late 2025, especially as Ethereum slipped to around $2,680. Currently, 69% of these users expect Ethereum to drop to $2,500 before rebounding to $4,000, indicating a bearish sentiment regarding ETH, which is now trading at $2,883. Goldman Sachs recently forecasted that gold could reach $5,400 by year-end. The surge in gold is attributed to its status as a safe haven amid global trade uncertainty, while cryptocurrencies have struggled to serve as defensive assets. Gold’s price has climbed 65% in 2025 and another 12% in early 2026. The latest spike follows threats by President Trump to increase tariffs on Canada if it pursues closer trade ties with China. Canada denied plans for a major trade deal with China but is seeking to diversify its trade partners, including planned agreements with India.
