Gold-backed ETFs saw their biggest first-half inflow since early 2020, as investors flocked to the metal amid global trade tensions and economic uncertainty. According to the World Gold Council, physically backed gold ETFs attracted $38 billion in inflows from January to June 2025, lifting total holdings by 397.1 metric tons to 3,615.9 tons. 

This surge was largely driven by concerns over U.S. tariff policies under President Trump, prompting a shift toward safe-haven assets. U.S.-listed funds led with 206.8 tons added, while Asia-listed ETFs set a regional record with 104.3 tons—accounting for 28% of global flows despite managing just 9% of global gold ETF assets. 

The rebound follows modest inflows in 2024 and reverses a three-year trend of outflows tied to high interest rates. Spot gold prices have surged 26% this year, reaching an all-time high of $3,500 per ounce in April.

Finsum: Gold ETFs are a great way to get exposure and get an inflation hedge in case tariffs cause a spike.