PANews reported on March 14 that according to CoinDesk, spot gold broke through the $3,000 per ounce mark for the first time, and then fell back to $2,990. Similarly, gold futures for delivery in April also broke through $3,000 on Thursday. Driven by multiple factors such as strong exchange-traded fund (ETF) inflows, geopolitical uncertainty, and continued concerns about the U.S. stock market against the backdrop of former U.S. President Trump's ongoing tariff discussions, the precious metal has risen by more than 15% so far this year. At the same time, the price of gold denominated in pounds has not yet reached its all-time high of 2,363 pounds and is still about 300 pounds below that level.
Charlie Morris, founder of ByTree and manager of the BOLD ETF (which manages both Bitcoin and gold), observed a divergence between gold and Bitcoin ETFs and predicted that the trend would soon reverse. "In the past 30 days, gold ETFs have attracted $10 billion in inflows, while Bitcoin ETFs have suffered $5 billion in outflows," Morris noted, "Sooner or later, flows will reverse again, as they always do in the past."
