Gold's rally is getting tired - but ETF demand is just waking up
Portfolio Pulse from
Gold prices remain strong above $3,000, with analysts noting potential consolidation. ETF demand is growing, driven by inflation concerns and falling real yields. SPDR Gold Shares (GLD) has seen holdings increase by 37 tonnes this year, but is still well below previous rally peaks. Experts expect ETFs to be a major investment driver for gold in the remainder of the year.
March 21, 2025 | 10:00 pm
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POSITIVE IMPACT
GLD holdings have grown 37 tonnes this year, with potential for further increase as investors seek gold as a safe-haven asset amid economic uncertainty.
Increasing ETF demand, driven by inflation concerns and economic uncertainty, suggests positive momentum for GLD. Holdings are still below previous rally peaks, indicating room for growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
While not directly discussed in the article, the growing interest in gold ETFs could potentially benefit alternative gold investment vehicles like AAAU.
No specific mention of AAAU in the article. Potential indirect benefit from overall gold ETF sector momentum.
CONFIDENCE 50
IMPORTANCE 30
RELEVANCE 10