Gold Surpasses $3,000 Per Ounce Amid Strong ETF Inflows

Spot gold reached $3,000 an ounce before retreating to $2,990. Gold futures for April delivery also exceeded $3,000.

Key factors influencing gold's rise include:

• 15% increase this year
• Strong ETF inflows
• Geopolitical uncertainty
• Concerns over U.S. equities amid tariff discussions

Gold priced in British pounds remains below its all-time high of £2,363, currently about £300 lower.

Charlie Morris, founder of ByTree, noted a divergence between gold and bitcoin ETFs. He reported that gold ETFs saw $10 billion in inflows over the past 30 days, while bitcoin ETFs faced $5 billion in outflows. He anticipates a reversal of these trends soon.