The iShares® Gold Trust Micro and similar exchange-traded funds are experiencing unprecedented investor interest as gold continues its remarkable upward trajectory. In a clear flight to safety during turbulent market conditions, physically-backed gold ETFs attracted a massive $8.2 billion globally during October alone.
Unprecedented Trading Activity
Investor enthusiasm extends beyond mere capital inflows, manifesting dramatically in trading volumes. Global gold ETF trading activity reached record levels in October, averaging $17 billion daily—representing a doubling from the previous month’s figures. North American funds particularly drove this surge in trading intensity.
The iShares Gold Trust Micro itself has delivered impressive returns, climbing 19.46% over the past three months. Since the beginning of the year, the ETF has gained more than 50%, significantly outperforming many traditional asset classes. Currently trading at a slight 0.40% premium to its net asset value, the fund demonstrates sustained strong demand among investors seeking direct gold exposure without the company-specific risks associated with gold mining stocks.
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Volatile Path to New Heights
Gold’s journey to recent peaks has been anything but smooth. After reaching an all-time high of $4,381 per ounce on October 20, the precious metal underwent a noticeable correction. Profit-taking activity and strengthening U.S. dollar dynamics temporarily pressured prices downward. However, gold found solid support around the $4,001 level, maintaining a substantial 52% gain from its position at the start of the year.
Sustainability Questions Loom
With the gold rally gathering significant momentum, market participants are questioning its staying power. The combination of ongoing market turbulence, persistent economic uncertainty, and the search for safe-haven assets continues to support the precious metal’s appeal. Nevertheless, future interest rate decisions and U.S. dollar movements remain critical factors that could influence gold’s trajectory. Whether gold will maintain its status as the preferred asset in uncertain times represents the central question facing investors as they navigate current market conditions.
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