Gold has hit its longest losing streak in over a century, lasting 10 consecutive days. The yellow metal has fallen by up to 27% from its January all-time high, dropping to a low of $4,090. However, bitcoin outperformed as the Middle East conflict escalated. The bitcoin to gold ratio has risen by around 30% since its initial lows, with bitcoin remaining above $70,000. Despite this, gold remains down roughly 12%. Meanwhile, gold exchange traded funds (ETFs) have seen billions of dollars in outflows over the past week.