Gold rose above $5,100 per ounce on Monday, a fresh record, as investors sought safety amid trade tensions (data shows). The surge validated users on Myriad who had bet gold would top $5,000 before Ethereum.
Users on the platform turned bullish on gold beginning November 22, 2025, when prices hovered near $4,000 per ounce. At that time, Ethereum traded around $2,680, according to price aggregators.
Now, 69% of platform participants think Ethereum will fall to $2,500 before climbing back to $4,000 (market link). ETH recently traded near $2,883. (Ed. note: This reflects growing bearish sentiment.)
Wall Street also raised its outlook for gold, with Goldman Sachs issuing a higher price forecast; the bank expects further upside this year. Gold jumped roughly 65% in 2025 and gained about 12% in the first three weeks of 2026.
The metal’s rally accelerated after President Donald Trump threatened higher tariffs on Canada over potential China deals, pressuring markets; he wrote in a Truth Social post that, “Canada is systematically destroying itself.” Canadian officials said they do not plan a broad China free-trade deal, and a trade envoy said Mark Carney will likely visit India in March to pursue trade agreements.
