Gold Adds $1.3 Trillion in One Day While Bitcoin Stalls at $64K

NewsWed, 05 Aug 2026 17:05:27 UTC2 hours ago
Gold Adds $1.3 Trillion in One Day While Bitcoin Stalls at $64K

Gold delivered one of its strongest sessions of 2026, climbing 4.4% to approximately $4,257 per ounce. Bitcoin, meanwhile, remained near $64,000, recording only a modest recovery despite falling bond yields, a weaker dollar and improving sentiment across traditional markets.

The contrast is striking. Based on the estimated quantity of gold held above ground, the precious metal added roughly $1.3 trillion in market value during a single session—almost equivalent to Bitcoin’s entire market capitalization.

Why is gold responding so strongly while Bitcoin continues to struggle?

How Gold Added Approximately $1.3 Trillion

Spot gold climbed 4.4% to $4,256.85 per ounce, touching an intraday high near $4,259. It was gold’s strongest daily performance since February, while US gold futures rose approximately 4% to more than $4,317.

According to the World Gold Council, approximately 219,891 tonnes of gold existed above ground at the end of 2025. At the latest spot price, that stock would be worth approximately $30 trillion.

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