Spot Gold surpassed $ 3,000 per Ounce for the first time before retiring to $ 2,990. Gold Futures for April -Delivery also broke $ 3,000 mark Thursday.

The noble metal has now risen over 15% this year, driven by strong ETF flow, geopolitical uncertainty and continued concern over US shares in the midst of the ongoing customs discussions from former President Donald Trump.

Meanwhile, gold prices in British pounds have not yet reached its highest height of £ 2,363, currently sitting around £ 300 below this level.

Charlie Morris, founder of Bytree and manager of Bold ETF, which includes both Bitcoin and Gold, has observed a divergence between gold and Bitcoin ETFs and expects this trend to return soon.

“For the past 30 days, Gold ETFs have seen $ 10 billion in influx, while Bitcoin ETFs have experienced $ 5 billion in outflows,” Morris noted. “Sooner or later, the currents will turn again – just like they always do.”

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