Matrixport highlights gold’s recent surge past $3,400, marking a significant breakthrough after four months of resistance. The firm predicts a potential test of $4,000 for the metal, fueled by a 100% return since the start of 2023. This surge reflects investors’ growing preference to diversify into both gold and Bitcoin as hedges against market uncertainty. Notably, Matrixport’s recommendation to allocate to gold in early 2023 has now delivered a 100% return, exceeding expectations. Gold prices have climbed to fresh highs, defying the absence of significant monetary easing and indicating investors are actively seeking diversification into both gold and Bitcoin.