
PANews|Oct 09, 2025 10:00
[Institutions: Distrust in the U.S. Dollar is Driving Gold and Bitcoin Higher]
According to Bloomberg, asset management firm Eurizon SLJ Capital Limited stated that growing market aversion to major reserve currencies like the U.S. dollar is pushing gold and Bitcoin prices to record highs, with the upward trend expected to continue. Earlier this week, gold surpassed $4,000 per ounce for the first time, and Bitcoin also reached new highs. Eurizon strategists pointed out that the rally in both assets is driven by 'common factors.' Central banks are engaging in 'excessive money printing,' prompting investors to seek alternative assets. The strategists believe that if reserve institutions continue to sell off fiat currencies, gold could see sustained growth, potentially reaching $8,500 if gold reserves match those of the U.S. dollar. Eurizon predicts that after a brief respite, the U.S. dollar will resume its decline, as its previous strength was attributed to the euro and yen weakening due to domestic political and fiscal risks, rather than any increase in the dollar's own 'appeal.'
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