Matrixport Investment Research: Gold price breaks new highs, what is the next trend of BTC?

Gold has broken through record highs, the European bond market has also released clear signals of pressure, and US debt issuance is advancing at a rapid pace near parabola. BTC is currently fluctuating around a key support level, and if support at this position weakens, the market could trigger a chain reaction.

Central bank gold purchases and Fed interest rate cuts supported gold prices, and spot gold broke through record highs on

September 2, breaking through

$3,500 per ounce, hitting a new all-time high. Since 2025, spot gold prices have risen by 33%, highlighting the continued rise in gold's safe-haven value against the backdrop of global macro uncertainty and increased market volatility. Central bank gold purchases and Fed interest rate cuts will continue to support gold prices, with Bank of America and Goldman Sachs bullish gold to $4,000.

In the context of the rise of gold, traditional institutions have begun to explore the feasibility of on-chain gold,...

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