Gold Sees Record Inflows as Cryptocurrency Outflow Surprises

Recent data from BlockBeats shows a substantial surge in gold investment over the past four months. Inflows reached a staggering $50 billion, surpassing the cumulative total seen in the previous 14 years. Notably, last week saw an unprecedented inflow of $8.7 billion, marking the largest single-week influx on record. Conversely, the cryptocurrency market experienced a notable outflow of $300 million this week, a first after ten consecutive weeks of inflows. Meanwhile, U.S. stocks attracted $14.7 billion in new investment, and bonds saw $17.2 billion flow into their coffers.