Rising geopolitical tensions between the US and Iran are driving significant capital into gold as a safe-haven asset. Indian investors are allocating a record $2.7 billion into gold ETFs, surpassing equity fund inflows. Meanwhile, Bitcoin remains range-bound between $60,000 and $70,000, with increased selling pressure as more holders are at a loss.
Geopolitical tensions are increasing demand for gold as a safe haven. Iran’s crude oil exports from Kharg Island have reportedly surged to about 20.1 million barrels in a recent five-day period, nearly three times January’s level.
Analysts believe a direct US-Iran confrontation could push gold prices up by about 15% within two weeks. Such an event could also pressure Bitcoin toward the $64,000 to $65,000 range if the US dollar strengthens.
Indian investors are reallocating capital into gold at an unprecedented pace. Gold ETF inflows in the country have reached a record of approximately $2.7 billion, surpassing equity mutual fund inflows for the first time.
Data shows demand has risen over 900% since July, while stock fund inflows have dropped by about $1.9 billion. This shift marks a significant change in capital allocation within the world’s second-largest gold consumer.
According to Glassnode, Bitcoin continues to trade between $60,000 and $70,000 with weak whale accumulation. Nearly 9.2 million BTC are currently held at a loss, and the 90-day realized profit-to-loss ratio has dropped below one.
US-listed spot Bitcoin ETFs saw a recovery on Wednesday with inflows of around $506.5 million. This marked the largest single-day inflow since the beginning of February, indicating tentative renewed institutional interest.
