Gold prices futures reached $2,344 during New York trading as risk-off sentiment swept markets due to tensions in the Taiwan Strait. Geopolitical anxiety has historically triggered spikes in gold futures. And there are countless catalysts that could send Bitcoin to $180,000. Citigroup primarily focuses on strong demand from institutional investors , who are using the spot Bitcoin ETFs as an easy, convenient way to get their exposure to Bitcoin. As long as flows into these spot Bitcoin ETFs remain positive, they should help to push the price of Bitcoin higher. Gold prices scaled a fresh peak on Tuesday, as a weaker dollar and a dip in bond yields amid growing bets for a Federal Reserve rate cut this month lifted demand for the precious metal. Gold prices futures tested $2,341 before easing back, reflecting investor repositioning ahead of key central bank rate announcements. Market participants expect increased volatility in metal futures this week.
