GLD Sees Record Inflows As Gold Rally Intensifies

The SPDR Gold Shares (GLD) pulled in $2.2 billion on Friday, its largest single-day inflow in the fund’s 21-year history, according to Bloomberg data. Remarkably, the three biggest daily inflows GLD has ever seen have all occurred this year.

So far in 2025, GLD has attracted $12.9 billion in fresh cash, putting it on pace to challenge its 2020 record of $15.1 billion in annual inflows.



The surge in flows comes amid a historic rally for the yellow metal. Gold has surged 42% this year to a record above $3,700/oz, following last year’s 27% gain. It has now surpassed its inflation-adjusted peak from 1980 and is on track for its best calendar year since 1979.


Source: Bloomberg

Investors have been rushing into gold ETFs as a hedge against a wide range of risks. Among them are a sagging U.S. dollar, ballooning government debt, persistent inflation, geopolitical tensions spanning wars and trade disputes, and, most recently, concerns about the Federal Reserve’s independence.

While gold ETFs have clearly benefited from these concerns, they’ve also helped fuel demand for physical gold and encouraged continued buying by central banks.

Beyond GLD

GLD has gotten the most attention, but it isn’t the only gold ETF pulling in huge sums this year. The iShares Gold Trust (IAU) has taken in $8.6 billion, the SPDR Gold MiniShares Trust (GLDM) has attracted $6.2 billion, and the iShares Gold Trust Micro (IAUM) has added $2.2 billion.

Altogether, U.S.-listed gold ETFs have seen inflows of $32.7 billion year to date, according to the World Gold Council. Globally, gold ETF inflows total $57.1 billion in 2025.

The enormous demand has pushed global gold ETF assets to $445 billion, with about half of that concentrated in U.S.-listed funds.

With momentum showing no signs of slowing, gold ETF assets could soon push past the half-trillion-dollar mark, a milestone that would highlight their role in one of the most dramatic rallies in the metal’s history.