Gold Nears $4,500 Resistance as GLD ETF Inflows Surge

Key Facts

1Gold prices are approaching a key resistance level of $4,500 per ounce.

2Significant capital inflows into the GLD ETF as investors await US inflation data.

Amid rising demand for safe-haven assets ahead of crucial economic releases, gold prices are approaching a key resistance level of $4,500 per ounce. According to reports, the GLD ETF is experiencing significant capital inflows as investors position themselves ahead of upcoming US inflation data. This technical momentum highlights a strategic rotation into precious metals to hedge against potential market volatility.

The rally occurs as global markets await further signals from the US Federal Reserve regarding monetary policy. Capital is being rotated into gold-backed instruments to enhance portfolio safety. Based on the available data, this move is part of a sustained two-day upward trend, supported by both technical strength and massive institutional flows into exchange-traded funds.

Recent economic indicators, such as the US ISM Manufacturing PMI which reached 55.6 on August 3, 2026, suggest a robust environment that may influence inflation expectations. Traders should closely watch the $4,500 resistance level as a critical pivot point, especially as the market remains sensitive to inflation-related catalysts in the coming sessions.

Sources:

Benzinga