Gold Smashes $5,100 Record as Trump Tariff Threat Looms; ETH Slides Under $2,900

Spot gold has climbed above $5,100 as geopolitical tensions and fiscal risks have driven haven demand. Western ETF holdings have risen about 500 tonnes in 2025 and Goldman Sachs has raised its 2026 target to $5,400. ETH has traded near $2,877 after $630M outflows and a 50,000 ETH transfer to Gemini.

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