Gold Stays Above 200-Day Average for Nearly Two Years

Gold has remained above its 200-day moving average since November 2023, marking nearly two years of sustained strength. The metal has risen for nine consecutive weeks, a rare streak seen in only 0.19% of rolling nine-week periods over the past 50 years. Record inflows into gold ETFs reflect strong investor demand. According to Sprott, year-to-date inflows into gold funds exceed $38 billion.