Gold has outpaced Bitcoin in recent weeks, driven by robust demand from sovereign and central banks. Over the past week, gold prices rose approximately 5%, reaching a record high near $3,791, while Bitcoin experienced a similar percentage decline. According to the BOLD Report, gold has attracted $18.5 billion in ETF inflows year-to-date, compared to just under $10 billion for Bitcoin. Analysts suggest that the performance gap could narrow if the Federal Reserve initiates rate cuts, which have historically led to Bitcoin rebounds.