end of QCP to the report Following the high volatility that emerged over the weekend, the search for balance in risk assets has come to the fore. While stock indices are approximately 1.5 percent below recent peaks, Bitcoin 
$112,758.61 It is trading approximately 10 percent below its recent peak. Interest rate cuts of approximately 125 basis points are priced in swap contracts until the end of 2026. QCP analysts Fed Chairman Jerome PowellHe emphasized that ‘s confirmation of a quarter-point interest rate cut this month provided short-term support for risk appetite despite the employment data being delayed due to the partial government shutdown in the USA. The ounce price of gold broke a record at $4,022, with an increase of 52 percent since the beginning of the year.
Fed Interest Rate Cut Expectations and the Rise of Gold
As the emphasis on liquidity becomes stronger, institutional demand for gold increases. Central banks added more than 800 tons of gold to reserves in the first half of 2025. China, Türkiye and India are among the prominent buyers. Declining real returns and reserve diversification are traditional inflation It points to a broader portfolio insurance function that goes beyond the shield narrative.
Price projections of major institutions also reinforce the trend. Bank of America and JP Morgan are of the opinion that a range of 4,500–5,000 dollars per ounce of gold is possible by 2026. The market narrative is gradually evolving from interest sensitivity to a liquidity-focused regime. Central bank purchases, dedollarization trend and corporate hedging strategies support the upward movement of the precious metal.
“Digital Gold” Test in Bitcoin is on the Table
According to QCP analysts, with Bitcoin despite the weekend tremor gold The correlation between climbed above 0.85. Synchronized input-outputs indicate co-flows between traditional and digital value containers. While Bitcoin touched a new peak just before the weekend, the increase in positioning in corporate balance sheets is noteworthy.
On the ETF front, fund flows keep the outlook buoyant. On the last trading day spot Bitcoin ETF102.7 million dollars to spot Ethereum 
$4,160.55 ETFThere was a net inflow of 236.2 million dollars. The return of risks arising from customs tariffs and shifts in liquidity dynamics will test the sustainability of the “digital gold” narrative in the next macro phase.
