{"id":30931,"date":"2026-06-05T19:04:22","date_gmt":"2026-06-05T19:04:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/golds-safe-haven-status-questioned-as-risk-market-ties-deepen\/"},"modified":"2026-06-05T19:04:31","modified_gmt":"2026-06-05T19:04:31","slug":"golds-safe-haven-status-questioned-as-risk-market-ties-deepen","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/golds-safe-haven-status-questioned-as-risk-market-ties-deepen\/","title":{"rendered":"Gold\u2019s safe-haven status questioned as risk market ties deepen"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Gold has lost part of its old safe-haven image as its price action now moves closely with risk assets such as Bitcoin and the S&amp;P 500, according to economist Robin Brooks.<\/p>\n<div id=\"cn-block-summary-block_d2f8c8095c558450cd1d088a038ce1a3\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Robin Brooks said gold has lost part of its safe-haven role as its equity correlation rises.<\/li>\n<li>Brooks said gold now trades more like Bitcoin and the S&amp;P 500 during market stress.<\/li>\n<li>He linked gold\u2019s changed behavior to retail inflows during the late 2025 debasement trade.<\/li>\n<li>Peter Schiff warned Bitcoin could face panic selling if it breaks its latest low.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to Brooks, gold no longer behaves like the traditional hedge investors once expected during periods of market stress. He said the metal now trades as a pro-cyclical, high-beta asset, with its correlation to the S&amp;P 500 rising above 0.50 in recent months.<\/p>\n<h2 class=\"wp-block-heading\">Gold\u2019s safe-haven role comes under pressure<\/h2>\n<p>Brooks said gold historically kept a correlation near zero with the S&amp;P 500, while Bitcoin\u2019s long-term correlation with equities usually stayed below 0.15. During the late 2025 and early 2026 \u201cdebasement trade,\u201d Brooks said Bitcoin\u2019s equity correlation climbed as high as 0.55.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The correlation of gold with the S&amp;P 500 is now the same as bitcoin. It used to be that gold was uncorrelated with swings in risk appetite and in the S&amp;P 500, but those days are over. These days gold trades like a high-beta asset. Safe haven no more\u2026<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/QFGBrFMbKS\">https:\/\/t.co\/QFGBrFMbKS<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/Es1Ir2mO0M\">pic.twitter.com\/Es1Ir2mO0M<\/a><\/p>\n<p>\u2014 Robin Brooks (@robin_j_brooks) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/robin_j_brooks\/status\/2062862437620007171?ref_src=twsrc%5Etfw\">June 5, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>At the same time, gold\u2019s correlation with U.S. equities also increased. Brooks said gold now matches Bitcoin\u2019s correlation with the S&amp;P 500, a setup he described as unusual for an asset long treated as a shelter during geopolitical or economic stress.<\/p>\n<p>The economist said gold now falls with equities when investors reduce exposure to risk. In Brooks\u2019 view, that behavior works against the basic purpose of a safe-haven asset.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Retail demand changed Gold\u2019s market behavior<\/h2>\n<p>Brooks linked the change to the sharp gold rally over the past year and the arrival of new retail buyers. He said the price increase mechanically lifted the value of gold on central bank balance sheets, but he rejected the idea that institutions had suddenly rushed into bullion or abandoned the U.S. dollar.<\/p>\n<p>According to Brooks, heavy promotion of the \u201cdebasement trade\u201d in late 2025 brought many retail investors into gold. He said these buyers tend to react more quickly to market stress than older bullion holders.<\/p>\n<p>Brooks said he first expected the high equity correlation to fade after corrections pushed short-term traders out of the market. He now believes gold\u2019s trading structure has changed more deeply.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Schiff warns Bitcoin could face another sell-off<\/h2>\n<p>Meanwhile, Bitcoin critic Peter Schiff warned that the latest Bitcoin drop could lead to another round of panic selling. Schiff wrote on June 5 that Bitcoin had broken below $60,000 and touched its lowest level since October 2024.<\/p>\n<p>Schiff said the move erased Bitcoin\u2019s gains after Donald Trump\u2019s November 2024 election win. According to Schiff, the rebound above $61,000 came from opportunistic buying rather than a durable recovery.<\/p>\n<p>\u201cIf today\u2019s low is taken out, prepare for a Crypto Black Monday,\u201d Schiff said.<\/p>\n<p>Schiff, chief economist and global strategist at Euro Pacific Asset Management, has long argued that gold is a better store of value than Bitcoin. He also founded SchiffGold and became widely known after predicting the 2008 financial crisis.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin broke $60K, taking out the low from Feb. 2025. At just below $59,750, Bitcoin was at its lowest since Oct. 2024, wiping out all of its post-Trump-election gains. Bottom fishers sent the price back above $61K. If today&#8217;s low is taken out, prepare for a Crypto Black Monday.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/PeterSchiff\/status\/2062937541615996935?ref_src=twsrc%5Etfw\">June 5, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Standard Chartered keeps bullish Bitcoin view<\/h2>\n<p>Standard Chartered offered a different view in a June 4 client note. Geoffrey Kendrick, the bank\u2019s head of digital assets research, called the latest crypto downturn a \u201cpainful week\u201d but kept his long-term bullish outlook.<\/p>\n<p>Kendrick said Strategy could restart heavy Bitcoin purchases, as it has done after past sales. He wrote that investors may later view this period as a buying zone if Bitcoin reaches $100,000 by the end of 2026.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold has lost part of its old safe-haven image as its price action now moves closely with risk assets such as Bitcoin and the S&amp;P 500, according to economist Robin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":14967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=30931"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30931\/revisions"}],"predecessor-version":[{"id":30932,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30931\/revisions\/30932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/14967"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=30931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=30931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=30931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}