The fluctuations pushing the assets of SPDR Gold ETF to a new teacher

State Street SPDR Gold Etf Suite has crossed $ 101 billion of collective assets under management, as investors continue to pour money into the precious metal amid growing global tensions and economic certainty.

With gold recently ranked new at all, and currently trades with $ 3,015 per ounce, the $ 5.4 billion flows in investment funds circulated on state street reflect the increasing investor confidence in precious metals with an inflation portfolio, geopolitical risk, and the expected Federal Reserve policy.

According to data from Etf.com, the assets combined from SPDR Gold Trust (GLD) and SPDR Gold Minishares Trust (GLDM) He now stands at $ 101 billion. The money maintained this level after crossing the threshold this week.

The current GLD data shows the management of $ 88.6 billion of assets, while GldM has $ 12.4 billion, according to ETF.com numbers as of March 21.

Both boxes have shown strong momentum in recent times, as GLD attracted $ 471.8 million, and GldM withdrews $ 405 million in the past five days alone.

“Weak the weakest American data and increased uncertainty in domestic and foreign policy to a strong gold offer this year,” said Aakash Doshi, the global head of the gold strategy at Statest Global Advisors.

Dochi pointed out that investors are looking for safe assets, as economic optimism after the elections face challenges.

“Fears about the shrinkage of growth in the United States are emitting amid more clear inflation and the fluctuation of the higher assets market. These three drivers are likely to have pushed the leg from the gold market march to $ 3,000 an ounce.”

These concerns are in line with the recent Federal Reserve expectations, as the central bank maintains its cautious position on interest rates amid mixed economic signals.

The increased demand for ETF Gold reflects the previous recovery cycle in the market. In January a reportDuchi predicted that the reflection of the external ETF flows can push gold to $ 3100 an ounce in 2025, a goal now that it seems to be increasingly achieved.

Duchi said that the Golden SPDR producers attract different investor profiles. “With the rise of February and March in the sizes of GLD options and (fluctuations) against January, we see primarily institutional flows in GLD – especially in February but also in March,” he explained.

Meanwhile, “GldM seems to be a combination of retail purchase, a wallet re -balance activity and some institutional flows,” Doshi adds, with highlighting the supplementary roles that these products play in the ETF gold wing in State Street.