Gold ETFs Post $8 Billion Weekly Inflow, Price Tops $3,300 as Bitcoin Surges to $87,000

Gold exchange-traded funds (ETFs) saw record inflows of $8 billion in the past week, nearly tripling the previous record set during the 2020 crisis. Inflows into gold ETFs during the first quarter of 2025 reached $80 billion. Gold prices have climbed to all-time highs, surpassing $3,300 per ounce, with a year-to-date gain of 25%.

This surge in demand for gold comes amid global market uncertainty, trade tensions following President Trump's 'Liberation Day' and reciprocal tariffs on April 2, and concerns over inflation and currency devaluation. The U.S. dollar index reached a three-year low, and expectations of interest rate cuts have increased. The VIX spiked above 40 for the first time in over five years. U.S. retail sales rose 1.4% in March as consumers responded to anticipated price hikes.

Bitcoin has also demonstrated resilience during this period. After a 32% drawdown from its January peak of $108,000, Bitcoin rebounded to over $87,000, reversing April losses and reaching its highest level since early April. Spot Bitcoin ETFs recorded $13.4 million in inflows, signaling renewed investor interest.

The simultaneous rise of gold and Bitcoin has led to comparisons between the two assets, with some market participants referring to Bitcoin as 'digital gold' or a macro hedge. Both are being viewed as global neutral stores of value amid de-globalization, trade conflicts, and capital flight from equities.

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