The optimistic sentiment of US stock investors experienced a big dump, while ETF investors made significant moves to increase their holdings in gold.

On March 19, Jinshi Data reported that the geopolitical tensions and the erratic tariff policies of Trump have led to recent market fluctuations. Over the past month, there has been a historic big dump in optimism towards the US stock market. It is reported that in March, major investors reduced their US stock Holdings to an all-time low. At the same time, the cash holdings of investors have risen significantly, reaching the highest level since March 2020. There is enormous uncertainty in the market, which has also driven a large inflow of safe-haven funds into the gold market. Recently, after breaking through the $3000 mark, gold reached a new high overnight. Analysts point out that the starting point for this round of gold price rise can be traced back to 2022, while the current change lies in the large-scale entry of ETF investors.