Gold Tops $3,000 Before Pulling Back—What It Means for Bitcoin
Gold surged past $3,000 per ounce for the first time in history before settling at $2,990, as investors piled into the safe-haven asset. April gold futures also briefly surpassed the milestone on Thursday, reflecting growing economic uncertainty.
What’s Fueling Gold’s Climb?
Gold has gained over 15% in 2025, driven by:
- Record ETF inflows, signaling strong institutional demand.
- Geopolitical tensions, increasing the appeal of stable assets.
- Stock market instability, as former President Donald Trump’s tariff discussions add uncertainty to the outlook.
Despite gold’s surge in U.S. markets, gold priced in British pounds remains £300 below its record high of £2,363.
Bitcoin and Gold ETFs Show Diverging Trends
Charlie Morris, founder of ByTree and manager of the BOLD ETF, which tracks both Bitcoin and gold, pointed out a growing divergence in investor behavior.
“Gold ETFs have absorbed $10 billion in inflows over the past month, while Bitcoin ETFs have seen $5 billion in outflows,” said Morris. “But market cycles shift, and Bitcoin could soon regain momentum.”
With gold making history, the question remains: Will Bitcoin follow suit, or will gold continue to dominate investor sentiment?
