What Factors Are Driving the Increase in Gold Prices as Bitcoin Faces Higher Risk of Correction?

In addition, the inability of inflation to fall smoothly, as well as recent geopolitical risks, have driven the demand for gold as a safe haven. The ongoing Russia-Ukraine war, which has been going on for two years with no end in sight, and the potential escalation of the conflict in the Nagorno-Karabakh war, have also contributed to the increase in risk. Furthermore, according to sources cited by The Wall Street Journal, Iran is expected to launch a direct attack on Israeli territory within 48 hours. The VIX panic index has surged to its highest level since 2024, and gold has once again reached a historic high yesterday.