Gold-related assets have shown strong performance and increased trading activity. Core asset allocations to ETFs such as UFO and GDX are rising, with NUGT and GLD also gaining momentum. GLD, in particular, is approaching a breakout, supported by large buyers acquiring October $323 call options at prices between $3.60 and $3.70. Trading volumes for gold ETFs reflect this trend, with GLD seeing an increase of 46,000 ounces, GLDM up by 16,000 ounces, and IAU rising by 92,000 ounces. In contrast, silver ETF SLV experienced a decrease of 454,000 ounces, while SIVR increased by 1.48 million ounces. Platinum ETF PPLT declined by 9,000 ounces, and SPPP added 63,000 units without new purchases. The overall market activity indicates bullish sentiment in gold assets amid mixed movements in silver and platinum ETFs.
$GLD +46koz #gold $GLDM +16k $IAU +92k $SLV -454koz #silver $SIVR +1.48moz $PPLT -9koz #platinum $SPPP +63k units, nothing bought https://t.co/AC0G0AWzjd
Big channel $gld https://t.co/xnasQE6os9
$GLD Gold nearing a breakout and large buyers of 4300 October $323 calls at $3.60 to $3.70 offers today