According to @business, gold edged higher as traders weighed a weakening US economy against progress on ending the US government shutdown. According to @business, haven demand supported the move while signs of a potential resolution to the shutdown limited further upside as markets balanced risk and policy headlines.

According to The Kobeissi Letter, gold prices surged by $60 in a matter of minutes at 9:50 AM ET, even as the S&P 500 entered a new bull market, with no major news triggering the move (source: Twitter/@KobeissiLetter, May 20, 2025). This rapid 5% rise from last week's low highlights heightened demand for safe haven assets, suggesting underlying market uncertainty despite bullish equities. For crypto traders, the gold rally may signal increased risk-off sentiment, potentially driving renewed interest in Bitcoin and other digital assets as alternative stores of value. Monitoring gold's price action alongside equities can provide valuable clues for crypto market positioning.