- Gold rose above $5,100 per ounce for the first time, marking a record high.
- Users on Myriad had bet gold would hit $5,000 before Ethereum, a call now validated.
- Sixty-nine percent of Myriad users expect Ethereum to fall to $2,500 before it reaches $4,000.
- The rally accelerated after Donald Trump threatened 100% tariffs on Canada, boosting gold’s safe-haven appeal.
- Goldman Sachs raised its price outlook, calling for gold to reach $5,400 before year-end.
Investors pushed gold above $5,100 per ounce on Monday, a new record, as traders reacted to rising trade tensions and safe-haven demand. Users on Myriad who predicted gold would top $5,000 before Ethereum were proved correct, according to the market platform’s contest for which asset would hit $5,000 first (users on Myriad).
Myriad participants had turned bullish on gold on November 22, 2025, when the metal traded near $4,000 per troy ounce and Ethereum sat around $2,680. Price data at that time came from market aggregators and tracked the relative positions of both assets.
A separate Myriad market shows 69% of users expect Ethereum to drop to $2,500 before it climbs back to $4,000 (market on Ethereum’s next move). Ethereum recently traded near $2,883 and has fallen more than 10% over the last week.
Major banks also signaled higher gold targets; Goldman Sachs raised its end-of-year forecast to $5,400, citing demand for the metal (report). Analysts cite gold’s traditional role as a hedge during periods of geopolitical uncertainty.
The price jump accelerated after Donald Trump said he would impose 100% tariffs on Canada if it struck a deal with China, increasing investor anxiety. “Canada is systematically destroying itself. The China deal is a disaster for them,” he wrote, a comment that reinforced flows into gold (post).
Canadian officials said Ottawa does not plan a broad free-trade deal with China, and a trade envoy noted Mark Carney may visit India in March to discuss deals on uranium, energy, minerals and AI (statement). Gold has gained about 65% in 2025 and roughly 12% in the first three weeks of 2026, and it now trades above $5,100 per ounce (live prices).
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