Escalating US-EU tariff tensions following President Trump's announcement of new tariffs on several European countries caused gold and silver prices to hit record highs, reflecting safe-haven demand amid geopolitical uncertainty. In contrast, Bitcoin and global stocks declined sharply, with Bitcoin dropping below $95,000 and triggering massive liquidations due to its correlation with risk assets rather than safe-haven status. Market analysis points to a diverging narrative between gold and Bitcoin, with debate on whether Bitcoin can eventually catch up or if gold will maintain its traditional store-of-value dominance amid continued risk-off sentiment.

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