Gold and Bitcoin Stall as Investor Risk Appetite Shifts Away From Safe Havens

—After a powerful multi-month rally, gold and bitcoin have both paused as investors rotate into other assets, with analysts questioning whether the surge has run its course. Gold's rally was driven by central bank buying, geopolitical tension, and dollar weakness, while bitcoin rode institutional adoption and ETF inflows. Analysts now debate whether the two assets — once FOMO darlings — are simply taking a breather or have peaked for this cycle.