Gold funds attracted approximately $3 billion in inflows last week, marking the second-largest influx on record. This amount surpasses the average seen in recent weeks by more than threefold.
The significant inflow of funds has been a driving force behind the surge in gold prices, which have climbed by 33% year-to-date, positioning them for their most successful year since 1979. Consequently, the market capitalization for gold has reached a new all-time high of $18.4 trillion.
Simultaneously, central bank gold reserves as a percentage of total currency reserves have soared to 12.1%, the highest level in over three decades.
On Tuesday at 3:52 PM (Bangkok time), gold futures rose by 0.31% to 2,764.40 per Troy ounce.
