{"id":90006,"date":"2025-10-17T15:09:57","date_gmt":"2025-10-17T12:09:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90006"},"modified":"2025-10-17T15:12:09","modified_gmt":"2025-10-17T12:12:09","slug":"golds-market-capitalisation-tops-30trn-for-the-first-time","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/golds-market-capitalisation-tops-30trn-for-the-first-time\/","title":{"rendered":"Gold\u2019s market capitalisation tops $30trn for the first time"},"content":{"rendered":"

On 17 October gold set a new price record\u2014above $4,380 per ounce. Since the start of the year the metal has risen 64.7%.<\/p>\n

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Hourly XAU\/USD chart on TVC. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

With the new all-time high, the metal\u2019s market capitalisation crossed $30trn. It is now 14.5 times the size of bitcoin\u2019s ($2.1trn) and one-and-a-half times the combined value of the seven largest technology companies (~$20trn).\u00a0<\/p>\n

Analysts at Morgan Stanley linked<\/a> the gold rally to fears of a bubble in the AI industry<\/a>, geopolitical tensions, trade wars<\/a> and devaluation of the US dollar.\u00a0<\/p>\n

Gold shortage in Vietnam<\/h2>\n

On 17 October Vietnam\u2019s authorities scrapped the state monopoly on gold. As a result, thousands of residents rushed to jewellery stores despite the rising price of the metal, local media<\/a> reported.\u00a0<\/p>\n

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A queue outside a Vietnamese jewellery store. Source: VnExpress.\u00a0<\/figcaption><\/figure>\n

Long lines formed outside Saigon Jewelry Company in Ho Chi Minh City. Amid abnormal demand, the firm introduced special rules: bullion was sold only with prior online registration.\u00a0<\/p>\n

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\u201cIt is almost impossible to buy bars, so I had to settle for rings despite all the restrictions,\u201d a city resident noted.\u00a0<\/em><\/p>\n<\/blockquote>\n

Other large sellers faced the same situation. The sharp imbalance between supply and demand has left Vietnam with a shortage of gold products.\u00a0<\/p>\n

What about digital gold?\u00a0<\/h2>\n

Over the past 24 hours bitcoin\u2019s price fell<\/a> by nearly 5%, briefly dropping below $105,000. The leading cryptocurrency now trades around $105,900.\u00a0<\/p>\n

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Hourly BTC\/USDT chart on Binance. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

Market participants remain optimistic. In the view of the analyst known as Sykodelic, once gold\u2019s rally ends, capital will start flowing into bitcoin.\u00a0<\/p>\n

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I don\u2019t understand how so many people can\u2019t see it. <\/p>\n

GOLD added over $300bn to its market cap today. <\/p>\n

Just today. <\/p>\n

It\u2019s been adding an entire Bitcoin market cap in ONE WEEK! <\/p>\n

And people keep saying \u201cwHeRe Is ThE MoNeY GoNna CoMe FroM bRo\u201d ?<\/p>\n

I don\u2019t understand how most cannot\u2026<\/p>\n

\u2014 Sykodelic \ud83d\udd2a (@Sykodelic_) October 16, 2025<\/a><\/p><\/blockquote>\n