Gold Hits Record Highs Amid Strong ETF Demand and Market Uncertainty
Gold surged past $3,000 per ounce for the first time in history before settling at $2,990. April gold futures also breached the key $3,000 level on Thursday, marking a significant milestone for the precious metal.
Key Drivers Behind Gold’s Rally
Gold has gained over 15% year-to-date, fueled by several key factors:
- Strong ETF inflows as investors seek safe-haven assets.
- Geopolitical uncertainty driving demand for stable stores of value.
- Market volatility and equity concerns, heightened by ongoing tariff discussions from former President Donald Trump.
Despite its surge in the U.S. market, gold priced in British pounds remains below its record high of £2,363, currently trading about £300 lower than its peak.
Bitcoin and Gold ETFs Show Diverging Trends
Charlie Morris, founder of ByTree and manager of the BOLD ETF—which includes both Bitcoin and gold—has pointed out a notable shift in ETF flows between the two assets.
“Over the past 30 days, gold ETFs have seen $10 billion in inflows, while Bitcoin ETFs have recorded $5 billion in outflows,” said Morris. “But history suggests this trend won’t last forever—flows tend to reverse, and Bitcoin could regain momentum soon.”
With both traditional and digital asset markets in flux, investors are closely watching for signs of a potential shift back toward Bitcoin as gold continues its historic rally.
