On August 19, SPDR Gold ETF rose 3.05% in regular trading, trading at $411.83/share, with turnover of $28.04 billion. The surge coincides with spot gold reaching its highest level in over two months, as fading hopes for a resolution to the Hormuz Strait standoff and anticipation ahead of July CPI data fueled aggressive buying in precious metals.

Market data shows substantial buy flows have returned to the gold market. SPDR Gold ETF recorded $637 million in total inflows on a single day in early August, the largest since June 18, with retail inflows hitting $50 million — the strongest single-day retail buying since March and double the prior peak in early April. Cumulative August inflows have exceeded $1.4 billion, putting the fund on track for its first monthly net inflow since February. Spot gold has climbed above $4,395/oz, firmly breaking above its 100-day moving average for the first time.

SPDR Gold Trust is an investment trust whose objective is for its shares to reflect the performance of gold bullion prices, less expenses. The Trust creates and redeems shares in baskets of 100,000 shares through authorized participants, in exchange for corresponding amounts of physical gold.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)