Bitcoin and Gold Prices Experience Significant Surge

Global Geopolitical Tensions Drive Safe-Haven Assets

The prices of Bitcoin (BTC) and gold have seen a notable increase in recent weeks, driven by escalating global geopolitical tensions. The rise in both investment instruments coincides with heightened conflicts in various regions, including trade wars and tensions in the Middle East.

Current Price Levels

As of the latest trading data, the price of gold has reached US$ 2,595 per troy ounce. Meanwhile, Bitcoin is trading at US$ 95,137, which translates to approximately Rp 1.6 billion at current exchange rates (assuming Rp 16,909 per USD).

Market Reaction to US Inflation Data

The recent surge in cryptocurrency and precious metal prices follows the release of US inflation data for December. The Consumer Price Index (CPI) for the month showed a 0.3% increase month-on-month and 2.7% year-on-year. Core inflation, which excludes volatile food and energy prices, rose by 0.2% monthly and 2.6% annually.

Market Implications

The moderate inflation figures have contributed to the positive sentiment in safe-haven assets like gold and Bitcoin. Investors are likely viewing these assets as hedges against potential economic uncertainties stemming from geopolitical tensions and inflationary pressures.