Commodities
Gold ETFs Defy Volatility, But Structural Buyers May Be Misjudged
Despite gold's recent volatility, interest in physically backed Gold ETFs, like the SPDR Gold Shares ETF (NYSE:GLD), remains strong.
Total known holdings rose to 100.9 million ounces, up 2% this year, marking the highest since August 5, 2022.
Experts attribute this resilience to a structural premium driven by reserve diversification and geopolitical hedging, which has become the dominant driver in the market.
Rising yields are adding pressure on gold prices, but institutional buyers have kept a floor near $4,000.