Gold prices soared to a record high of $4,486 per ounce, driven by speculation of potential Federal Reserve rate cuts and ongoing geopolitical tensions. This surge has prompted significant buying from central banks and investors seeking safe-haven assets. The rise in gold prices has sparked discussions about its impact on Bitcoin. Analysts are divided, with some predicting a short-term capital shift from cryptocurrencies to gold, while others emphasize Bitcoin's potential as a long-term hedge against inflation.