JAKARTA – Safe-haven assets like gold and bitcoin have weakened by more than 4% from their highest points in May 2025.

According to data gathered by IDNFinancials.com, spot gold prices this week closed at USD 3,289.40 per troy ounce.

This marks a 4.3% drop from gold’s peak of USD 3,438.59 per troy ounce on 7 May 2025.

Bitcoin, also known as digital gold, was priced at USD 104,259.20 at 9:00 PM WIB today. This is 6.84% lower than its highest price on 22 May 2025, which reached USD 111,954.50.

David Meger, director of metals trading at High Ridge, said gold prices have pulled back from their highs and entered a consolidation phase.

“Gold is slightly pressured now as demand for safe-haven assets starts to wane. However, Trump’s pushback against the court ruling might give gold prices a small boost,” Meger told Reuters on Saturday (31/5).

Meanwhile, despite bitcoin’s price decline, several institutions are expanding their crypto portfolios by buying more bitcoin.

GameStop reportedly purchased USD 513 million worth of bitcoin. Meanwhile, Trump Media and Technology Group plans to invest USD 2.5 billion in bitcoin assets.

In addition, several pharmaceutical companies in the United States have announced bitcoin purchase targets of up to USD 1 billion as part of their portfolio diversification efforts. (KR/ZH)