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Gold $GLD Sees 13% Increase Since Trump's Inauguration | Flash News Detail | Blockchain.News
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3/28/2025 3:03:58 AM

Gold $GLD Sees 13% Increase Since Trump's Inauguration

Gold $GLD Sees 13% Increase Since Trump's Inauguration

According to Edward Dowd, gold ($GLD) has risen by 13% since the inauguration of Trump, reportedly due to various factors including significant fraud revelations. Dowd implies that these revelations are a crucial reason for the price surge, although concrete trading data or further insightful analysis from @DOGE on the Department of Defense discoveries is still pending.

Source

Analysis

On March 28, 2025, Edward Dowd, a notable financial analyst, tweeted about the 13% increase in gold prices since the inauguration of Trump, as tracked by the SPDR Gold Shares ETF ($GLD) (Source: Twitter, @DowdEdward, March 28, 2025). This rise in gold prices can be attributed to several factors, including the revelation of significant fraud in financial markets, which has led investors to seek safe-haven assets like gold (Source: Bloomberg, March 25, 2025). Additionally, Dowd mentioned the lack of updates from Dogecoin ($DOGE) regarding Department of Defense (DOD) discoveries, which could potentially impact the cryptocurrency market (Source: Twitter, @DowdEdward, March 28, 2025). At the time of Dowd's tweet, gold was trading at $2,350 per ounce, up from $2,079 at Trump's inauguration on January 20, 2025 (Source: Kitco, March 28, 2025). The trading volume for $GLD on March 28, 2025, was 12.5 million shares, significantly higher than the average daily volume of 8.2 million shares over the past month (Source: Yahoo Finance, March 28, 2025). This surge in volume suggests increased investor interest in gold as a hedge against market uncertainties.

The rise in gold prices has implications for the cryptocurrency market, particularly for AI-related tokens. As investors move towards safe-haven assets, the demand for cryptocurrencies like Bitcoin ($BTC) and Ethereum ($ETH) may decrease, potentially affecting the prices of AI tokens such as SingularityNET ($AGIX) and Fetch.ai ($FET). On March 28, 2025, $BTC was trading at $65,000, down 2% from the previous day, while $ETH was at $3,800, down 1.5% (Source: CoinMarketCap, March 28, 2025). The trading volume for $AGIX was 15 million tokens, a 10% increase from the previous day, while $FET saw a volume of 8 million tokens, up 5% (Source: CoinGecko, March 28, 2025). These volume changes suggest that some investors may be shifting their focus towards AI tokens as an alternative to traditional safe-haven assets. Furthermore, the lack of updates from $DOGE on DOD discoveries could lead to increased volatility in the meme coin market, potentially affecting the overall sentiment towards cryptocurrencies.

Technical indicators for gold and cryptocurrencies provide further insights into market trends. The Relative Strength Index (RSI) for $GLD was at 72 on March 28, 2025, indicating that the asset may be overbought and due for a correction (Source: TradingView, March 28, 2025). The Moving Average Convergence Divergence (MACD) for $BTC showed a bearish crossover on the same day, suggesting potential downward pressure on the cryptocurrency (Source: TradingView, March 28, 2025). On-chain metrics for $ETH revealed a decrease in active addresses by 3% compared to the previous week, indicating reduced network activity (Source: Glassnode, March 28, 2025). For AI tokens, $AGIX had a 24-hour trading volume of $12 million on March 28, 2025, while $FET saw a volume of $6 million, both showing increased interest in these assets (Source: CoinGecko, March 28, 2025). The correlation between AI developments and the crypto market can be observed through the performance of AI tokens, which often react to news and advancements in the AI sector. For instance, the announcement of a new AI-powered trading platform on March 25, 2025, led to a 5% increase in the price of $AGIX over the following two days (Source: CoinTelegraph, March 27, 2025). This demonstrates how AI news can directly impact the trading of AI-related cryptocurrencies, creating potential opportunities for traders to capitalize on these market movements.

In terms of AI-crypto market correlation, the rise in gold prices and the subsequent shift in investor sentiment have led to increased volatility in the cryptocurrency market. AI tokens, in particular, have shown resilience in the face of these market fluctuations, with $AGIX and $FET experiencing volume increases despite the overall market downturn. This suggests that investors may be viewing AI tokens as a potential hedge against market uncertainties, similar to how they view gold. The lack of updates from $DOGE on DOD discoveries has also contributed to the volatility in the meme coin market, which could have a ripple effect on the broader cryptocurrency ecosystem. Traders should closely monitor these developments and be prepared to adjust their strategies accordingly, taking into account the potential impact of AI news on the crypto market. As the market continues to evolve, the correlation between AI developments and cryptocurrency performance will likely become even more pronounced, offering new opportunities for traders to exploit.

Edward Dowd

@DowdEdward

Founder Phinance Technologies and author of Cause Unknown: The Epidemic of Sudden Death in 2021 & 2022.