In August, North American physically backed gold ETFs saw a massive surge in net buying, jumping from $71 million in July to $7.7 billion, just before the Federal Reserve's September rate hike. This surge reflects increased demand for gold as a portfolio hedge amid rising market volatility and inflation concerns. However, rising real yields, which increase the opportunity cost of holding non-yielding assets like gold, pose a challenge to sustaining this momentum. The future performance of funds like GLDM depends on whether real yields continue to rise or stabilize, influencing gold's role as a safe-haven investment.
As of Sep 17, 2026 22:51 WIB, gold ETFs like GLD and IAU are showing strong positive momentum on Pluang, with GLD up 2.15% at USD 400.16 and IAU up 2.10% at USD 82.01. SGOL is also performing well, rising 2.18% to USD 41.55, with all three ETFs seeing a majority of buy orders from Pluang users. This buying interest aligns with the recent surge in North American gold ETF demand, highlighting gold's continued appeal as a portfolio hedge. Notably, GLD holds a market cap of $145.05 billion on Pluang, the largest among the three as of the given time.
