Gold reaches historic peak near $3,000, benefiting from capital influx as markets falter
In a context of plunging markets, gold once again establishes itself as the ultimate safe haven. As US stock indices continue their descent, dragging Bitcoin with them, the yellow metal continues its ascent and reaches a new historic peak. It is just a few dollars away from crossing the symbolic threshold of $3,000 per ounce, a level never before reached.
Bitcoin and stocks fall, gold rises
The trend is clear: capital is fleeing risky assets to seek refuge in gold. The Nasdaq has dropped 15% since hitting its annual peak three weeks ago, while Bitcoin has lost nearly 20% over the same period. On the other hand, gold has increased by 1%, consolidating its status as a safe haven in this climate of uncertainty.
This scenario recalls the end of summer and the beginning of autumn 2024, when the crypto and stock markets were trading in a range, while gold reached new highs. At that time, Bitcoin was stuck between $50,000 and $70,000, while gold appreciated by 40% to reach $2,800 per ounce. However, the dynamics reversed with the election of Donald Trump, triggering a massive rally in Bitcoin beyond $100,000, while gold stagnated as risk appetite returned.
Investment flows confirm the trend
Gold-backed ETFs are currently experiencing their strongest period of capital inflows since 2022, accumulating an additional 3 million ounces in the last month. On the other hand, US Bitcoin spot ETFs are facing an unprecedented dark period, with net outflows of $5 billion since February.
This divergence reflects a temporary change in investor sentiment, favoring the safest assets in times of uncertainty.
