Is Gold Price Going Up: 2025 Market Trends and Crypto Impact

Is gold price going up is a question on the minds of investors, traders, and anyone watching the evolving global financial landscape. In 2025, gold has experienced significant volatility, with central banks, institutional investors, and retail participants all influencing its trajectory. This article examines the latest trends, data, and the growing interplay between gold and digital assets, helping you understand what’s driving gold prices and what to watch next.

Central Bank Activity and Structural Support for Gold

As of late October 2025, global central banks have continued their steady gold-buying spree, providing what analysts describe as structural support beneath the market. According to Capital Flows, central banks have been accumulating gold throughout the year, and these institutions are unlikely to sell unless faced with a genuine crisis. This ongoing demand has created a firm foundation for gold prices, even as the market experiences short-term pullbacks.

For example, during a recent surge, gold prices reached $4,330 per ounce, pushing the total market capitalization above $30 trillion. This rally saw physical gold buyers lining up at bullion stores, highlighting the metal’s enduring appeal as a store of value. However, after this peak, gold experienced an 11-day decline, prompting questions about whether the gold price is going up or entering a correction phase.

Market strategist Rashad Hajiyev noted that senior gold miners (GDX) rose 1.6% even as spot prices fell, suggesting a divergence that may signal renewed appetite for gold. Hajiyev predicts that the next upward move could be swift, with the potential for gold to approach $5,000 per ounce—a 25% increase from current levels. (Source: TradingView, October 2025)

Macro Trends: Monetary Policy, Liquidity, and Asset Rotation

The macroeconomic backdrop in 2025 is characterized by expectations of further rate cuts from the Federal Reserve and a shift toward looser monetary policy among major economies. As global liquidity expands, investors are reassessing their portfolios, often rotating between traditional safe havens like gold and higher-beta assets such as Bitcoin.

Kevin Rusher, founder of RAAC, emphasized that the recent gold rush is not solely driven by geopolitical or macroeconomic fears. Instead, it reflects a broader trend of diversifying away from U.S. dollar-denominated assets. As fiat currencies face pressure from policy easing, real assets like gold and silver continue to anchor diversified portfolios. Rusher also highlighted the rise of tokenized real-world assets, where gold and other tangible assets become verifiable, yield-bearing collateral on the blockchain—offering more stability than digital assets or fiat-pegged stablecoins. (Source: BeInCrypto, October 2025)

Meanwhile, Bloomberg reported that even "die-hard gold bulls" are questioning the sustainability of gold’s rally after its steepest weekly drop in over a decade. Some investors are now rotating toward digital assets, particularly Bitcoin, as gold’s surge appears overstretched. (Source: Bloomberg, October 22, 2025)

Crypto Influence: Bitcoin, Tokenization, and Market Dynamics

The relationship between gold and digital assets is becoming increasingly important in 2025. BlackRock CEO Larry Fink recently stated that investors who expect ongoing currency devaluation should consider holding crypto assets or gold. He drew a direct parallel between Bitcoin and gold as essential "fear assets" in uncertain times. BlackRock’s iShares Bitcoin Trust (IBIT) has become the firm’s most profitable ETF, with over $93.9 billion in assets under management. (Source: Fortune, October 2025)

Bitcoin’s price, while rangebound between $113,000 and $115,000, is seen by some analysts as undervalued relative to its Nasdaq 100-implied fair value, which sits near $156,000. This 30% discount is one of the widest valuation gaps in recent years, suggesting potential for capital rotation from gold to Bitcoin as risk appetite returns. (Source: Ecoinometrics, October 2025)

Additionally, the tokenization of gold and other real-world assets on blockchain platforms is gaining traction. This trend allows for fractional ownership, increased liquidity, and programmable financial instruments, further blurring the lines between traditional and digital stores of value. As central banks and institutions explore these innovations, gold’s role in diversified portfolios is being redefined alongside crypto assets.

Key Data: Market Performance and Investor Behavior

• Gold price peaked at $4,330 per ounce in October 2025, with a market cap surpassing $30 trillion. (Source: TradingView)
• Central banks have been net buyers of gold throughout 2025, providing structural support. (Source: Capital Flows)
• BlackRock’s IBIT holds over $93.9 billion in Bitcoin, becoming the largest crypto ETF globally. (Source: Fortune)
• Bitcoin trades at a 30% discount to its Nasdaq 100-implied fair value, historically a bullish indicator. (Source: Ecoinometrics)
• Options open interest in Bitcoin now exceeds futures by $40 billion, indicating a shift toward defined-risk strategies. (Source: Glassnode)

Common Misconceptions and Risk Considerations

One common misconception is that gold and Bitcoin are mutually exclusive as safe-haven assets. In reality, many institutional and retail investors are diversifying across both, using gold for stability and Bitcoin for higher growth potential. Another myth is that gold’s rally is purely speculative; in fact, central bank accumulation and macroeconomic shifts provide a solid foundation for its price.

However, both gold and crypto markets carry risks. Gold can experience sharp corrections after rapid rallies, and its price is sensitive to changes in monetary policy and global liquidity. Crypto assets, while offering higher upside, are subject to greater volatility and regulatory uncertainty. Investors should remain aware of these dynamics and use platforms like Bitget for secure trading and portfolio management.

What’s Next for Gold and Digital Assets?

With central banks still accumulating gold, monetary policy turning dovish, and investor attention shifting toward tokenized stores of value, the stage is set for a potentially historic phase in precious metals and digital assets. If historical patterns repeat, gold may continue to benefit from structural demand, while Bitcoin and other crypto assets could see renewed inflows as risk appetite returns.

For those looking to navigate these markets, Bitget offers a secure and user-friendly platform for trading both traditional and digital assets. Explore Bitget’s advanced features and stay informed with the latest market insights to make the most of evolving opportunities in gold, crypto, and beyond.

Further Exploration: Stay updated on gold and crypto market trends with Bitget Wiki, and discover how tokenization and blockchain technology are reshaping the future of finance. For secure trading and portfolio management, consider Bitget and Bitget Wallet as your go-to solutions.