LONDON- Investors seeking shelter from political and economic volatility triggered by the new US administration are increasingly moving into gold Exchange-Traded Funds, adding momentum to the market’s record rally.
Since US President Donald Trump took office in January, his radical policy shift, including trade tariffs, comments he aims to annex Greenland and his unconventional approach to diplomacy to try to end the war in Ukraine have driven gold prices to successive records.
Initially an influx into gold exchange-traded funds, or baskets of securities that trade like a stock, was dominated by European investors, but analysts say the policy upheaval has begun to tempt even US investors who historically have favored equities.
On Friday, gold hit its latest record, at $3,004.86 an ounce, a gain of 14 percent since the start of 2025, following 27 percent growth in 2024.
