Gold Overtakes Ethereum and Hits $5,000 Milestone, Hitting Record Above $5,100

Gold rose to a new all-time high price above $5,100 per ounce on Monday, confirming Myriad users’ predictions that it would break $5,000 sooner. Ethereum.

Users of the prediction market platform, which is owned by DecipherDastan’s parent company, has been bullish on gold since Nov. 22, 2025. At the time gold predictors advanced, the precious metal was hovering around $4,000 per troy ounce and Ethereum had sunk to about $2,680, according to cryptocurrency price aggregator CoinGecko.

In fact, 69% of Myriad users now think Ethereum is likely to fall to $2,500 before it can rise back to $4,000, reflecting a growing bearish trend around the second-largest crypto asset. ETH was recently trading at $2,883.

It’s not like Myriad users were the only ones who thought gold was going up. Wall Street giant Goldman Sachs recently released a new price forecast that sees gold reaching $5,400 before the end of the year.

Gold tends to rise as investors position themselves for uncertainty as trade tensions rise. While the metal has long benefited from its safe haven role, cryptocurrencies such as Ethereum and bitcoin They have struggled to attract the same defensive flows, operating more as risk assets than as a hedge against geopolitical stress.

The closest ETH came to surpassing the milestone was when it set a new all-time high of $4,946.05 in August. According to CoinGecko, at its current price, Ethereum has fallen more than 10% in the past week.

Gold has now risen beyond $5,100 an ounce for the first time in its history. The price of gold rose 65% in 2025 and has now gained around 12% in the first three weeks of 2026.

Gold’s rise comes after President Donald Trump threatened over the weekend to increase tariffs on Canada by 100% if it reached a trade deal with China.

“Canada is being systematically destroyed. The deal with China is a disaster for them. It will go down in history as one of the worst deals, of any kind, in history,” Trump wrote in a Truth Social post over the weekend.

Canadian Prime Minister Mark Carney said Sunday that Ottawa has no plans to reach a free trade agreement with China, noting that the recent agreement only reduces tariffs in select sectors. But Canada still appears to be trying to diversify its trading partners to reduce its dependence on the United States.

Now a commercial envoy says it Reuters that Carney will likely visit India in March to “sign agreements on uranium, energy, minerals and artificial intelligence.”