Spot Gold exceeded $ 3,000 per ounce for the first time before retiring at $ 2,990. The gold futures for April also broke the $ 3,000 mark on Thursday.
The precious metal has now increased more than 15% this year, promoted by strong ETF entries, geopolitical uncertainty and continuous concerns about US actions amid in the midst of ongoing tariff discussions of former President Donald Trump.
Meanwhile, gold with the price of British pounds has not yet reached its historical maximum of £ 2,363, currently at £ 300 below that level.
Charlie Morris, founder of Bytree and manager of the ETF Bold, which includes both Bitcoin and Gold, has observed a divergence between the ETF of Gold and Bitcoin and hopes that this trend will be reversed soon.
“In the last 30 days, Golden ETFs have seen $ 10 billion in tickets, while Bitcoin ETFs have experienced $ 5 billion in departures,” said Morris. “Sooner or later, the flows will reverse again, as they always do.”
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