Gold Soars to New Record Highs, Leaving Bitcoin Far Behind

TradingKey

AuthorBlock Tao

Sep 8, 2025 2:05 AM

View all comments（0）



TradingKey – Gold briefly surged past $3,600, setting a new all-time high and outperforming Bitcoin by a wide margin.

On Monday (September 8), spot gold (XAUUSD) consolidated at elevated levels, currently trading at $3,585 per ounce. Last Friday, buoyed by multiple positive developments, gold prices rallied past $3,600, marking another historic high.

altText

Gold Price Chart, Source: TradingView

Last Friday, the U.S. Department of Labor released disappointing non-farm payroll data: only 22,000 jobs were added in August, far below the expected 75,000. This reinforced expectations of Federal Reserve rate cuts. Additionally, President Trump announced a tariff exemption on gold, further boosting its price.

Over the past month, gold has been on an upward trajectory, gaining 6% — far outpacing Bitcoin (BTC), which has declined nearly 6%. As of this writing, Bitcoin hovers around $110,000, currently quoted at $110,899.

altText

Gold vs. Bitcoin Monthly Performance, Source: CoinMarketCap

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

【US Pre-Market】US Futures and Chip Stocks Fall as Global Bond Sell-Off Deepens; Gold Drops Below $4,400, Brent Crude Tops $92

TradingKey - On Tuesday (September 1) Eastern Time, futures on the three major U.S. stock indexes fell across the board in pre-market trading. Geopolitical risks escalated sharply after two supertankers were hit by unidentified projectiles in the Strait of Hormuz, driving international oil prices further up. Meanwhile, the global bond market sell-off persisted, pushing long-term government bond yields in major economies to multi-year highs and significantly dampening market risk appetite.

Why Are Three Major US Stock Index Futures Under Pressure to Start September? Nvidia, Apple, Tesla, Micron in Focus

TradingKey - On the first trading day of September, U.S. stock futures moved lower across the board in pre-market trading. As of press time, Dow Jones Industrial Average futures and S&P 500 futures both fell by about 0.55%, while Nasdaq 100 futures dropped approximately 1.05%. Rising oil prices, higher U.S. Treasury yields, and heightened tensions in the Middle East combined to weigh on risk appetite.

Gold Drops Below $4,400, Silver Slumps 3% as Rising Global Bond Yields Weigh on Precious Metals

TradingKey - As global government bond yields moved higher across the board and the US Dollar Index continued to climb, the precious metals market faced a sharp sell-off. Spot silver (XAGUSD) fell more than 3% at one point to $64.46, hitting its lowest level since August 19, while spot gold (XAUUSD) broke below $4,400 per ounce.

August Crypto Market Review and Outlook: Bitcoin Surge Above $80,000 Sparks Broad Crypto Rally, Fed Decision to Determine If Gains Continue

August 2026 marked a key turning point for the crypto market, shifting from subdued sentiment to the restart of an institutional bull market. Against the backdrop of rising U.S. rate cut expectations, a more favorable policy stance in Washington, and strong capital inflows into spot ETFs, the market's positioning structure has undergone a complete reshuffle. With the Federal Reserve's September interest rate decision and non-farm payrolls data approaching, the market will closely monitor technical consolidation following the strong rally and the sustainability of liquidity.

Bitcoin Price Prediction: BTC Breaks $80,000 Mark, What Does It Mean?

If Bitcoin holds firmly above $80,000, it suggests a strong market risk appetite has been established. Capital is expected to follow the rotation path and spread toward major Layer-1 public chains such as Ethereum (ETH), Solana (SOL), and XRP (XRP), while also signaling a shift in technical resistance levels.

Featured Tools