Gold and silver briefly reclaim top market cap positions

Gold and silver briefly retook their positions as the two largest assets by market capitalisation amid renewed global uncertainty.

Data from CompaniesMarketCap shows gold holding the top spot with a market value of about $31.1 trillion.

Silver temporarily overtook Nvidia for second place before slipping back behind the technology firm.

Investors have increasingly turned to precious metals over the past year as traditional stores of value.

Market participants have cited geopolitical tensions and ongoing trade disputes as key drivers of demand.

Expectations of potential US Federal Reserve rate cuts have also supported flows into gold and silver.

Gold and silver recently touched fresh all-time highs of roughly $4,500 and $80 respectively.

Bitcoin currently ranks eighth by market capitalisation and has yet to mirror the rally seen in precious metals.

The Fed’s monetary policy decisions in 2026 will be one of the key catalysts for the crypto space.

Owen Lau said.

Lau added that lower interest rates could renew appetite for risk assets among both retail and institutional investors.

At the time of reporting, Bitcoin price was $92,721.03.