North American Gold ETF Buying Jumped From $71 Million to $7.7 Billion in One Month. Can GLDM Hold Up?

Gold ETF inflows in North America surged to unexpectedly high levels, signaling strong investor demand for bullion exposure. However, a simultaneous rise in real yields challenges the bullish gold thesis by increasing the opportunity cost of holding non-yielding assets, putting the sustainability of the trade in question.