Gold’s Record-Breaking Rally Overshadows Bitcoin, But Momentum May Shift

Gold Surpasses $3,000 Before Pulling Back—Will Bitcoin Follow?

Gold made history on Thursday, briefly surpassing $3,000 per ounce before settling at $2,990. April gold futures also breached the key psychological level, reinforcing the metal’s strength amid economic uncertainty.

What’s Driving Gold’s Surge?

Gold has now gained over 15% in 2025, propelled by:

• Robust ETF inflows, signaling strong investor demand.
• Geopolitical instability, increasing gold’s safe-haven appeal.
• Stock market concerns, as former President Donald Trump’s tariff policies fuel uncertainty.

In contrast, gold priced in British pounds remains below its all-time high of £2,363, currently lagging by £300.

Gold and Bitcoin ETFs Show Opposite Trends

Charlie Morris, founder of ByTree and manager of the BOLD ETF—which tracks both gold and Bitcoin—has noticed a significant divergence in investor behavior.

“Gold ETFs have attracted $10 billion in inflows over the past 30 days, while Bitcoin ETFs have seen $5 billion in outflows,” Morris noted. “These trends don’t last forever, and we could soon see a reversal in favor of Bitcoin.”

As markets remain volatile, the key question is whether Bitcoin will reclaim investor interest once gold’s momentum slows—or if the precious metal will continue to dominate safe-haven demand.