Sky Links Capital CEO Daniel Takieddine said that, as expectations for Federal Reserve rate cuts weaken, the upside potential for gold is limited. The price of gold is influenced by strong U.S. labor data and geopolitical risk. He noted that gold’s near-term performance will depend on U.S. economic data and policy signals.

Gate News message, April 6, spot gold breaks through $4,690 per ounce, up 0.31% intraday.

According to Gate’s latest news, on April 6 the precious metals market weakened, with gold and silver prices falling to $4,630.46 per ounce and $72.055 per ounce, respectively. Volatility in the crypto market changed somewhat, while the U.S. dollar in the foreign exchange market rose slightly. Global stock indexes showed mixed performance, with WTI crude oil slipping slightly and Brent crude oil rising. The Gate platform supports trading a wide range of financial products.

Arthur Hayes said on a podcast that, because the Federal Reserve has not expanded liquidity, he will not put more money into Bitcoin. He expects his medium- to long-term target price to be between $250,000 and $750,000. He warned that if the Iran–U.S. conflict continues, Bitcoin could fall below $60,000 in the short term. Meanwhile, Charles Schwab will launch spot trading for Bitcoin and Ethereum. Research shows that after major shocks, Bitcoin has performed better than gold and the S&P 500, and its current price has rebounded to $67,300.

Peter Schiff said that Bitcoin has risen only 12% over the past five years and has underperformed the Nasdaq, the S&P 500, gold, and silver; Michael Saylor then responded that Bitcoin has been the best mainstream asset since August 2020, emphasizing the importance of the time frame.

A World Gold Council report shows that in February 2026, central banks net bought 19 tons of gold, up from January but below the 2025 average. Some central banks have continued to accumulate gold; China has increased its holdings for 16 months. Goldman Sachs and UBS predict that the gold price could rise to $5,400 and $5,900, respectively, in the future.

Gate News message, April 5, according to data, within the two months after major global shock events, Bitcoin generally performed better than gold and the S&P 500 index (a U.S. stock market benchmark index). In specific data, after the Trump administration announced large-scale tariff measures in April 2025, Bitcoin rose 24% in the following 60 days, gold rose 8%, and the S&P 500 rose 4%. In early March 2020, when the COVID-19 pandemic broke out, Bitcoin also rose 21%, outperforming gold and the S&P 500 index.

The World Gold Council report shows that in February 2026, central banks in various countries net bought 19 tons of gold. Although this is below the 2025 average, it is up from January’s 5 tons. Central banks’ acceptance of gold continues to strengthen, with both the Czech Republic and China maintaining consecutive gold-buying records. Goldman Sachs and UBS predict that gold prices may rise in the future.

A research report from China International Capital Corporation (CICC) notes that the Iran–U.S. conflict has pushed up oil prices, increasing inflation risks, affecting expectations for Fed rate cuts, and driving selling of gold ETFs. Geopolitical developments put oil prices at a crossroads, while the gold market is focused on how an economic downturn could affect it; in the future, it may reassess expectations for rate hikes. Demand for gold investment and prices may have room to rise.

This week, due to Trump’s tough remarks targeting Iran, gold prices fell, with spot gold and futures down 2% and 2.5%, respectively. Rising oil prices boosted inflation expectations, reducing gold’s appeal. In addition, the entire precious metals complex faced pressure: UBS cut its gold price outlook, so investors need to watch how the situation in the Middle East and market volatility affect prices.