Gold and the S&P 500 index hit new highs recently, supported by a rising global risk wave and indirectly investors increasing exposure to risky assets due to hopes for economic growth.
The S&P 500 hit 7,000 for the first time in history before closing slightly lower, while gold prices surged to around US$5,500 an ounce, despite the crypto market facing short-term selling pressure.
The market rally was supported by the Federal Reserve's decision to keep interest rates on hold and raise its economic growth forecast, as well as strong earnings performance from major technology companies.
At the same time, geopolitical tensions between the United States and Iran increased demand for safe-haven assets, pushing investors back to gold even though risk-on sentiment still dominates the equity market.
Bitcoin remains stable at the US$88,000 support level, with analysts seeing potential for further gains if the US$90,000 level is successfully broken, while the outlook for the S&P 500 and gold remains positive in an environment of global volatility.
