Spot gold surpassed $3,000 an ounce for the first time before retreating to $2,990. Gold futures for April delivery also broke the $3,000 mark on Thursday. The precious metal is now up over 15% this year, driven by strong ETF inflows , geopolitical uncertainty, and continued concerns over U.S. equities amid ongoing tariff discussions by former President Donald Trump. Meanwhile, gold priced in British pounds has yet to reach its all-time high of £2,363, currently sitting around £300 below that level. Charlie Morris , founder of ByTree and manager of the BOLD ETF, which includes both bitcoin and gold, has observed a divergence between gold and bitcoin ETFs and expects this trend to reverse soon. “In the last 30 days, gold ETFs have seen $10 billion in inflows, while bitcoin ETFs have experienced $5 billion in outflows,” Morris noted. “Sooner or later, the flows will reverse again—just as they always do.”Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy .