Gold market capitalization has experienced a significant jump since the beginning of 2025, increasing in value by more than $6 trillion — a result that surpasses Nvidia's entire market valuation, which is approximately $4.6 trillion. Gold prices have broken through historical highs, reaching about $5,514 per ounce, amid active central bank purchases and a mass shift of investments into safe-haven assets.

Three key factors are fueling this growth in gold capitalization. First, central banks continue to increase their holdings, with total demand exceeding 800+ tons. Second, capital inflows into gold exchange-traded funds (ETF) are rising, reflecting retail investor demand. Third, geopolitical tensions and trade tariffs are boosting gold's appeal as a portfolio hedge.

An interesting point: since mid-2025, Bitcoin has stopped showing a close correlation with gold, moving along its own trajectory. Meanwhile, BTC is trading around $68,300, highlighting the divergence between the two safe-haven assets in the current market cycle.