Gold's Institutional Support provides a more stable crisis hedge than Bitcoin

Gold is valued at $4,800 per ounce, 46% higher than a year ago. This price is supported by central bank purchases of an expected 755 tonnes this year as governments move away from dollar-heavy reserves. The price increase follows a flow of capital into gold driven by the U.S. and Iran conflict that began on February 28, which pushed energy prices higher and intensified inflation risks. CPI inflation has climbed to 3.3%, the highest since May 2024. Bitcoin is trading around $74,000, down from $93,000 at the start of the year.