Gold ETF demand is unprecedentedly high, expected to hit record highs

As investors flocked to the market amid the strongest rally since the 1970s, gold ETFs have hit an all-time high in the U.S. asset management, reaching $215 billion, doubling in the past two years. As gold prices rose by 26%, gold miners' profits also increased significantly, and profit margins also rose by 50%. Analysts expect gold prices to climb to $4,000 driven by expected rate cuts and strong safe-haven demand.