As gold prices set 53 historical records in 2025, global investors injected unprecedented capital into gold ETFs. North American funds contributed a major portion of global capital inflows in 2025. Meanwhile, gold holdings in Asia have almost doubled, and Europe is also showing significant demand. The rising enthusiasm of global investors is mainly driven by the following factors: ① In the context of intensifying global trade disputes, escalating geopolitical tension, and financial market fluctuations, the appeal of gold as a safe-haven asset has increased; ② the continued surge in gold prices has attracted the attention of trending capital; ③ the fall in US Treasury yields and the weakening of the US dollar.

As gold prices set 53 historical records in 2025, global investors injected unprecedented capital into gold ETFs. North American funds contributed a major portion of global capital inflows in 2025. Meanwhile, gold holdings in Asia have almost doubled, and Europe is also showing significant demand. The rising enthusiasm of global investors is mainly driven by the following factors: ① In the context of intensifying global trade disputes, escalating geopolitical tension, and financial market fluctuations, the appeal of gold as a safe-haven asset has increased; ② the continued surge in gold prices has attracted the attention of trending capital; ③ the fall in US Treasury yields and the weakening of the US dollar.