Polymarket traders give gold 81% odds to reach $5,000 before Ethereum (CRYPTO: ETH), but the math tells a different story: ETH’s $378 billion market cap is 74 times smaller than gold’s $28 trillion, making rapid price moves far easier to achieve.
Gold Pushes To Record Highs On Fed Independence Fears
Gold pushed to a fresh all-time high of $4,620 per ounce, after December CPI data showed headline inflation held at 2.7% while core inflation remained at 2.6%—the lowest since 2021.
The latest leg higher came after U.S. prosecutors launched a criminal investigation into Fed Chair Powell’s testimony last June.
Powell described this as part of President Trump’s effort to pressure the Fed into lowering rates. Trump added fuel to the uncertainty Monday by announcing a 25% tariff on countries trading with Iran amid widespread protests.
This political turmoil is happening alongside massive institutional buying. Central banks have been accumulating gold …