黃金價格在解放日之前飆升

黃金價格本周繼續與加密貨幣和股票市場差異，因為它飆升至創紀錄的3,125美元。它已經連續五個星期飆升了

Gold price continued diverging from the crypto and stock market this week as it soared to a record high of $3,125. It has now surged for five consecutive weeks, making it one of the year’s best-performing assets. In contrast, the crypto market continues imploding, with its marke cap plunging by over $1 trillion in the past few months.

黃金價格本週與加密貨幣和股票市場的差異繼續差異，因為它飆升至創紀錄的3,125美元。現在已經連續五個星期激增，使其成為當年表現最好的資產之一。相比之下，加密貨幣市場繼續爆炸，在過去的幾個月中，其Marke Cap跌幅超過1萬億美元。

Gold Price Surges Ahead of Liberation Day

黃金價格在解放日之前飆升

The price of XAU/USD has continued surging as gold became the most popular safe haven asset this year. Investors are afraid of Donald Trump’s Liberation Day, where he will unveil reciprocal tariffs against most of the US trade partners.

隨著黃金成為今年最受歡迎的避風港資產，XAU/USD的價格一直在飆升。投資者害怕唐納德·特朗普（Donald Trump）的解放日，在那裡他將向美國大多數貿易夥伴推出互惠關稅。

He has already announced other substantial tariffs in the past few weeks. Just last week, he announced 25% tariffs on all imported automobiles and parts. He also announced 25% tariffs on all imported steel and aluminum, and a similar amount for all goods imported from Canada and Mexico.

在過去的幾周中，他已經宣布了其他重大關稅。就在上週，他宣布對所有進口汽車和零件的關稅25％。他還宣布了所有進口鋼和鋁的25％關稅，從加拿大和墨西哥進口的所有商品都相似。

Gold price is, therefore, rising as investors rush to its safety since it has played a safe haven role in the last decades. Besides, data shows that more countries like Russia, Turkey, and China have continued boosting their gold purchases.

因此，由於投資者在過去幾十年中扮演了避風港的角色，因此金價上漲了。此外，數據表明，俄羅斯，土耳其和中國等越來越多的國家繼續增強他們的黃金購買。

Gold has also jumped as investors anticipate weaker relations between the US and other countries. For example, there are signs that talks between the US and Russia are not going on well, with reports saying that Trump was ‘very angry’ with Putin as the ceasefire negotiations continue.

由於投資者預期美國與其他國家之間的關係較弱，黃金也跳躍了。例如，有一些跡象表明，美國和俄羅斯之間的談判表現不佳，報導說，隨著停火談判的繼續，特朗普對普京感到“非常生氣”。

Therefore, gold price is soaring amid a confluence of bullish catalysts like safe-haven demand, central bank purchases, and rising tensions between the US and other countries.

因此，在看漲的催化劑匯合處，例如避風港需求，中央銀行的購買以及美國與其他國家之間的緊張局勢上升，黃金價格正在飆升。

XAU/USD Technical Analysis

XAU/USD技術分析

Technicals and trend-following principles show that the gold price will likely keep rising for a while. It has already jumped above the key resistance level at $2,787, the upper side of an ascending triangle pattern.

技術和趨勢的原則表明，黃金價格可能會持續一段時間。它已經以2,787美元的價格跳高了關鍵阻力水平，這是上升三角形圖案的上側。

Gold has remained above the 50-week Exponential Moving Average (EMA). Also, the Average Directional Index (ADX) has jumped to 47, a sign that the momentum is gaining steam.

黃金保持在50週的指數移動平均值（EMA）之上。同樣，平均方向指數（ADX）躍升至47，這表明這種勢頭正在增加。

Therefore, gold prices will likely continue soaring, with the next point to watch being at $3,500. A crash below the support at $2,787 will invalidate the bullish outlook.

因此，黃金價格可能會繼續飆升，下一步要觀看的價格為3500美元。支持低於2,787美元的撞車事故將使看漲的前景無效。

Why Crypto Market is Crashing

為什麼加密市場崩潰

Interestingly, the gold price surge happened as the crypto market imploded. Bitcoin price has crashed from the year-to-date high of $109,300 to $82,000. Prices of other coins like Ethereum, XRP, and Shiba Inu have plunged.

有趣的是，隨著加密貨幣市場崩潰，黃金價格上漲發生了。比特幣的價格從$ 109,300的年降至82,000美元。以太坊，XRP和Shiba Inu等其他硬幣的價格跌落。

These coins have plunged because of the rising fear that Trump’s tariffs may lead to a recession in the United States and other countries. Their crash is a sign that Bitcoin is not a safe haven asset as some analysts have argued in the past.

由於擔心特朗普的關稅可能會導緻美國和其他國家的衰退，因此這些硬幣陷入了困境。他們的崩潰表明比特幣不是避風港的資產，因為一些分析師過去認為比特幣。

Still, on the positive side, there is a likelihood that Bitcoin and other players in the crypto market will bounce back once the dust settles. That’s because, historically, risky assets do well when there is a recession because the Federal Reserve intervenes by cutting interest rates and implementing quantitative easing.

儘管如此，從積極的一面來看，一旦塵埃落定，加密貨幣市場中的比特幣和其他玩家可能會反彈。這是因為從歷史上看，有風險的資產在發生衰退時會很好，因為美聯儲通過降低利率和實施定量緩解來干預。