Gold Futures Break $4,200 as Crypto Outflows Hit Record Levels
News Summary
Gold futures climbed above $4,200 per ounce on Tuesday, setting a new all-time high and marking a nearly 60% gain in 2025 alone. Concurrently, the crypto market experienced significant upheaval, with over $21 billion in outflows from Binance within a week and continued withdrawals across other top exchanges, following a recent
Background
In the recent period, gold futures have surged to an all-time high, breaking above $4,200 per ounce, reflecting strong risk aversion in the market. This phenomenon has coincided with significant outflows from the cryptocurrency market, with major exchanges like Binance facing billions in withdrawals following a recent price crash dubbed
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