Gold and bitcoin are entering a critical moment in the market, 10x Research said in a post on social media. As gold rallied near all-time highs, bitcoin continued to show bullish momentum, with macroeconomic factors such as easing inflation fears, softer-than-expected tariffs and dovish comments from the Federal Reserve all fueling optimism. In late October, just a week before Trump's election, gold prices stopped their upward momentum and entered a consolidation phase. This was attributed to the underlying inflationary pressures from Trump's proposed immigration and tariff policies, as well as his commitment to refill the Strategic Petroleum Reserve, all of which economists expect to push up inflation expectations. The softer-than-expected tariffs announced, combined with Fed Governor Paul Waller's dovish tone last week, are solid macroeconomic reasons for gold's climb back to all-time highs and bitcoin's continued rise. These factors, combined with last week's CPI data, are key considerations that make us more optimistic about the current market outlook.