Gold prices surged to historic highs, surpassing $5,100 an ounce and rising 18% in January. Silver also hit a record high of $109. Individual investors poured $95 million into the largest gold ETF, GLD. Speculators and factors like inflation, central bank demand, and tariffs are driving the boom.

Chief Investment Officer Axel Merk cautioned that a correction is possible amid high prices and volatility. Retail investors are not the main drivers of the gold boom, unlike previous trends. The best-performing gold ETFs include GLD, IAU, and GLDM, all up around 20% year-to-date. Gold’s performance is attracting interest from financial advisors and clients.

The surge in gold prices has attracted interest from speculators, leading to a historical high price. Factors like inflation, central bank demand, and tariffs are also driving the boom. Retail investors are not the main drivers of the gold trend, unlike previous bull markets. Gold ETFs like GLD, IAU, and GLDM are performing well, up around 20% year-to-date.

Read more at Yahoo Finance: Gold ETFs Shine as Prices Hit New Highs