“Gold ETF assets under management (AUM) in US-listed products have surged to a record $215 billion… the value of US gold ETF assets has doubled in just two years, marking one of the sharpest accelerations in the history of the asset class.” Source: https://finbold.com/u-s-gold-frenzy-hits-record-highs-as-215-billion-inflows-into-etfs/
“North American demand surged in February, adding US$6.8bn. This was the largest single month inflow for the region since July 2020… physical shipments into COMEX vaults from London and other markets made headlines.” Source: https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2025/03
“UBS analyst Giovanni Staunovo forecasts that gold could reach $3,900 per ounce by mid-2026, supported by continued strong demand.” Source: https://finbold.com/u-s-gold-frenzy-hits-record-highs-as-215-billion-inflows-into-etfs/
This comes as investors have piled into gold, with prices experiencing their strongest run since the 1970s.
Year-to-date, US gold ETFs have acquired a massive 279 tonnes of gold.
By comparison, European and Asian gold ETF AUM stands at a combined $199 billion.
Gold demand is incredibly strong.
h/t Boo_Randy_II