GLD Gold ETF leads record inflows as gold price eyes further highs

GLD gold ETF, which tracks the price of the bullion, eased slightly after hitting a fresh record high on Tuesday. Even with the profit-taking mode, the asset remains on a bullish momentum ahead of Thursday’s US GDP and Friday’s PCE inflation data.

Geopolitical risks and economic uncertainties have bolstered precious metals’ safe haven appeal .After rallying by about 27% in 2024,the gold price is now up by 43% year-to-date. As at the time of writing, it has recorded 37 record highs since the start of 2025. 

As more investors move to benefit from this historic rally, the GLD gold ETF has emerged as a preferred option for investing in the gold market. Indeed, the record ETF inflows are one of the factors that have catapulted gold price to new highs. 

GLD curves its space in gold historic rally

As gold gets overwhelming attention from investors, the GLD gold ETF has become one of the preferred ways of investing in the bullion market. As a leading ETF tracking the price of physical gold, GLD offers exposure, high liquidity, and the most cost-effective way of entering the market.

With the bullish momentum expected to continue in coming months, the SPDR Gold Shares and other gold ETFs will remain at the core of the precious metal’s historic rally. According to the World Gold Council, US gold ETFs have recorded inflows of over $32 billion year-to-date. Of this, GLD has attracted inflows of about $13 billion.

On Friday last week, it saw inflows of $2.2 billion. This is its highest daily inflow in the fund’s history. Interestingly, its top three daily inflows have all been reported this year.

As the broader market remains concerned over the independence of the Federal Reserve, ballooning US debt, struggling US dollar, and the overall health of the US economy, gold ETFs are on track to challenge the annual inflows record set in 2020 at $15.1 billion.

In the immediate term, investors will be seeking cues in the US GDP and the Fed’s preferred inflation gauge -PCE. The data comes a few days after Jerome Powell’s speech fueled an increase in gold price to a new record high. In his speech, the Fed Chair noted, “Near-term risks to inflation are tilted to the upside and risks to employment to the downside - a challenging situation.” He went on to add that the “two-sided risks mean that there is no risk-free path.”

GLD Gold ETF Technical Outlook

Gold ETF price pulled back slightly from the all-time high it hit on Tuesday as investors took profit. Even with the pullback, it remains on a bullish momentum as more investors turn to gold ETFs to benefit from the precious metal’s historic rally. 

A look at its daily chart hints at a further corrective pullback as the ETF remains in the overbought territory at an RSI of 71. At its current price of $343, it may correct to the support level of 338. A subsequent rebound may attract enough buyers to hit a fresh record high of $350. On the flip side, additional profit-taking may activate the support along the 25-day EMA at $330.