
Gold's rally in 2025 has turned into a full-blown stampede, as ETF investors poured more than $5 billion into the three largest gold-backed exchange-traded funds in September alone—marking the biggest monthly inflow on record for the asset class.
SPDR Gold Shares (NYSE:GLD), the world's largest gold ETF, took in $2.67 billion, followed by iShares Gold Trust (NYSE:IAU) with $2.13 billion and Invesco Physical Gold ETC (CBOE: IPHSF) with $425 million.