Gold prices have surged over 8% in the past three days, marking the largest three-day rally since March 2020, as investors seek safety amid market turbulence caused by global trade war concerns.
While traditional safe havens like the US dollar and Treasury bonds declined this week, gold has continued to strengthen.
The SPDR Gold Shares ETF has attracted over $1.3 billion in inflows in the past week and is up nearly 7% for the week.