# North American Gold ETF Buying Surges

> North American gold ETFs jumped 108-fold in one month as real yields rise.
- Title: North American Gold ETF Buying Surges · Yahoo Finance
- Summary: North American gold ETFs jumped 108-fold in one month as real yields rise. North American gold ETF buying surged 108-fold from $71 million to $7.7 billion in…
- Keywords: gl dm, north american gold etf, real yields, fed rate hike, gold price, treasury yields, physical gold, gold etf, business, finance, North, American
- Source: Yahoo Finance — https://finance.yahoo.com/markets/commodities/articles/north-american-gold-etf-buying-153725893.html
- Published: 2026-09-17T15:37:25+00:00
- Read time: 1 min
- Topics: gl dm, north american gold etf, real yields, fed rate hike, gold price, treasury yields, physical gold, gold etf, business, finance
## North American Gold ETF Buying Jumped
North American gold ETF buying exploded 108-fold from $71 million in July to $7.7 billion in August, landing weeks before the Fed's September policy move.
## GLDM's Performance Metrics
GLDM charges 0.10% and has returned 236% over ten years, but sits down 3% after the Fed's September rate hike pushed real yields to 2.68%.
## Real Yields as Deciding Factor
The 10-year Treasury yield sits at 5.00%, its highest reading in the trailing year, while real yields climbed from 2.42% to 2.68% in September.
## Global Gold Holdings Record
Global gold holdings hit a record 4,189 metric tons on $18 billion of inflows in August, with North American ETFs driving the surge.
## Bull and Bear Cases for GLDM
The bull case rests on durable demand, while the bear case focuses on rising opportunity costs as real yields climb to multi-month highs.
## GLDM's Durability Test
GLDM's 0.10% fee and physical backing make it the most efficient way to own gold if the August surge reflects structural demand rather than a temporary momentum wave.
## Key takeaway

North American gold ETF buying surged 108-fold from $71 million to $7.7 billion in August, testing GLDM's durability amid rising real yields.