Investors are showing strong interest in gold funds, with holdings in the largest gold-backed ETF, $GLD, reaching 34.9 million troy ounces, a level not seen since May 2022. This spike marks an 8 million troy ounce increase, or 30%, since June 2024. In addition, ETFs of gold and other precious metals secured $4.39 billion in inflows in January, marking the eighth consecutive month of upticks, while gold miner ETFs saw a net investment inflow of $3.62 billion—the highest since at least 2009. This trend is underpinned by gold’s reputation as a hedge against inflation and geopolitical risks, making it a preferred choice for investors seeking stability amid ongoing economic uncertainties.
Gold ETF $GLD sees highest holdings since 2022 amid strong investor demand
