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Gold ETFs saw massive net inflows in February of $9.4 billion (100 tonnes), the largest growth period since March 2022, with US- and Asian-listed funds leading the surge. Additionally, continued flows into COMEX depository inventories highlighted gold’s appeal as an asset amid ongoing tariff uncertainties.

Over the past week, spot gold prices have stabilized as investors exercised caution ahead of the U.S. President Donald Trump’s newly implemented tariffs on Canada, Mexico, and China. Spot gold is currently trading at USD $2917 per ounce, reflecting the broader market’s concerns over potential economic repercussions. 

Meanwhile, the Trump administration announced plans to audit the U.S. gold reserves at Fort Knox, which reportedly holds over 8,100 metric tons of gold valued at approximately $425 billion. This move has sparked discussions about gold’s enduring value and its role in supporting the U.S. dollar. 

Amid ongoing economic uncertainty, financial experts, including David Rosenberg of Rosenberg Research, continue to advocate for a cautious investment approach. Echoing Warren Buffett’s conservative strategy, Rosenberg suggests increasing cash reserves and considering assets like gold, which traditionally perform well during periods of market volatility. As global trade policies shift and central banks adjust their reserves, gold remains a key asset for investors seeking stability. Moving forward, its price movements will likely be shaped by inflation trends, monetary policy decisions, and broader economic conditions.

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