The sudden rise of chaos in the market due to geopolitical risks brightened the appeal for safe haven assets.
U.S. inflation jumped in March, surpassing expectations primarily due to higher petrol and shelter costs, dashing hopes of a June interest rate cut by the Fed.
SPDR Gold Trust ETF (GLD), which tracks the price of gold bullion, has gained 9.3% in the past month. In comparison, iShares Silver Trust (SLV), the ultra-popular silver ETF, has outperformed its gold cousin, climbing 12.6% in the same time frame.