Spot gold breaks $ 3,000 an ounce in the middle of karnage in the market leaving BTC
Spot Gold exceeds $ 3,000 an ounce for the first time before retreating to $ 2,990. Gold futures for April’s delivery also broke the $ 3,000 mark on Thursday.
Precious metal is up to more than 15% this year, driven by Strong ETF flow.
Meanwhile, the gold priced at the British Pounds has not reached the full time of £ 2,363, which is currently sitting around £ 300 below that level.
“In the last 30 days, gold ETFs have seen $ 10 billion in the flow, while Bitcoin ETFs have experienced $ 5 billion in flow,” Morris said. “Sooner or later, the flows will return again – as they always do.”
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