Gold And Bitcoin Jumps With Trump’s Latest Endorsement

• Bitcoin reacted positively to US President Donald Trump’s social media post highlighting the crucial role of gold in global economic and political dynamics.
• China’s Commerce Ministry said it would retaliate against nations cooperating with the USA’s tariff wars.

Gold and Bitcoin (BTC) jointly rose by around 2% as US-China relations continued to sour. US President Donald Trump hyped gold as the Asian superpower warned of retaliation for countries that will cooperate with the West at the expense of their interests.

Gold and Bitcoin Surge After

Gold and Bitcoin soared by 1.98% to 2.78%, respectively, at around 6:00 AM UTC. The precious metal traded around $3,393 per troy ounce, while the leading crypto asset settled at the $87K line.

Trump’s commentary on Truth Social seemingly catalyzed the synchronized push of these top safe-haven assets. The US president insinuated that gold reserves determine global dominance in international negotiations.

“The golden rule of negotiating and success: he who has the gold makes the rules,” Trump said. “Thank you.”

Donald Trump via Truth SocialIt’s clear that gold has greatly benefited from Trump’s direct mention. As for Bitcoin, the digital asset has often been likened to the digital counterpart of a precious metal, which explains its positive move.

China’s Warning

China’s warning also reinforced sentiment toward gold and Bitcoin. The Chinese Ministry of Commerce reiterated its opposition toward any country serving US interests in a way that would undermine China’s interests.

“China firmly opposes any party reaching a deal at the expense of China’s interests,” read the transcript that CNBC interpreted. “If this happens, China will not accept it and will resolutely take reciprocal countermeasures.”

In addition, the Eastern economic superpower vowed to support countries willing to uphold “international fairness and justice” against the “abusive tariffs” and “unilateral bullying” of the US. Moreover, it cautioned that efforts to cooperate with Trump’s measures would risk reverting international trade relations to the “law of the jungle.”

Early this month, Trump’s tariff regime imposed 145% baseline duties on Chinese imports. Meanwhile, China responded with 125% tariffs on US-made goods.

As a resolution to their conflict seems far from the table, investors and consumers are on the edge of their seats as they bear the brunt of the consequences. This has resulted in freezes of large deliveries and purchases between the two conflicting giants.

Furthermore, news recently broke that China has been bypassing US duties by marking their goods as “made in Korea.” The Korea Customs Service (KCS) recorded over 29.5 billion won ($27 million) worth of country-of-origin violations in the first quarter of 2025. US-bound shipments accounted for most of the numbers, and China was the primary contributor to the trend.