Ever since the conflict, or war, between Israel and Hamas started a couple of weeks ago, two assets have been showcasing notable price increases – bitcoin and gold.

As such, we decided to ask the AI chatbot which one of the two will continue its positive movements and perform better as long as the conflict rages on.

Gold Vs. Bitcoin During a War

Geopolitical tension is always taking its toll on financial markets, just like what happened last year when Russia launched its “special military operation” against Ukraine, but some assets tend to perform better than others.

The Israel-Hamas war started exactly three weeks ago, and gold’s price against the dollar was at a local low of around $1,830. As reported at the time, the precious metal had lost its yearly gains after a 7% decline in two weeks.

However, the political uncertainty started affecting the market, and gold went on a massive roll. It quickly reclaimed $1,900, kept surging, and even flew past the coveted $2,000 mark late on Friday night. As such, the bullion has jumped by roughly 10% since October 6.

Bitcoin’s performance has been somewhat identical, although there’re some speculations that its rise could be attributed to the possibility of a spot BTC ETF getting approved in the States. However, such a product is yet to see the light of day.

BTC’s price stood at around $28,000 when the war broke and initially declined to sub-$27,000 levels. However, it started gaining traction quickly, sometimes even influenced by fake news. The most substantial price surge was on Monday and Tuesday when the cryptocurrency skyrocketed by several grand in hours and tapped a 17-month peak at over $35,000.

Despite losing some ground si