If the dominance of the US dollar decreases, then gold reserves will automatically increase and people from different countries will continue to invest in gold. Donald Trump's imposition of tariffs on various countries will be responsible for the decline in the dominance of the US dollar. Moreover, due to such volatile market conditions in the Bitcoin market, Bitcoin investors are becoming interested in investing in gold.
Now the price of gold is also still increasing because there are more buyers who do not hesitate to continue exchanging their money into assets such as gold. But Bitcoin investors will also not ignore Bitcoin even though the price of Bitcoin at this time still tends to be stagnant and does not increase sharply, because in a position like this every investor must have the courage to buy Bitcoin even though they may also like gold as another asset that they can rely on to seek more profit in the future.
I heard that gold has reaches a new all time high, so good for them. And by that it means that investors are turning into gold as their new assets, for hedge against their wealth. Nevertheless it might not be final though, as some of them might be really traditional and so they found good as a safe haven.
But I still think that Bitcoin is the best asset for now, we've seen that we have reach $109k, and it's just a matter of time before we can reach that again. For the meantime, if there is investors that are pushing for gold, perhaps there will be sometime as well the it will be Bitcoin that is going to shine and we might see that before the end of the year as usually that is the time that we are going to get that new all time high for this bull run.