TechFlow, November 13 — Gold prices returned to a strong range. Spot gold briefly touched $4,200 per ounce, and although it fell below $3,900 in late October, capital did not exit the market. Instead, gold ETFs continued to expand, with global allocation interest clearly rising.
According to analysts at BiyaPay, liquidity tightening caused by the U.S. government shutdown, lack of economic data, and growing concerns over an AI bubble have driven risk-averse funds back into gold. With the shutdown nearing an end and rate cut expectations increasing, short-term corrections in gold have largely played out, leaving the metal attractive over the medium term. Data shows significant recent inflows into several U.S.-listed gold ETFs, while holdings in the world’s largest gold ETF, SPDR, have also steadily rebounded. Concurrent purchases by central banks and institutional investors are providing strong support for gold prices.
BiyaPay analysts believe gold remains a "stabilizer" in today's market. They recommend investors allocate moderately to diversify risk. Additionally, on BiyaPay, users can flexibly use USDT to invest in U.S.-listed gold-related equities and futures, capturing opportunities arising from safe-haven demand.
