Gold ETF tops record trading high and overbought conditions before retracing

[Gold bars falling down.]
nopparit

Shares of the world’s largest gold (XAUUSD:CUR [https://seekingalpha.com/symbol/XAUUSD:CUR]) focused exchange-traded fund, the SPDR Gold Shares ETF (NYSEARCA:GLD [https://seekingalpha.com/symbol/GLD]), reached record trading levels while simultaneously hitting its highest relative strength index reading on record on Monday.

GLD, which has been listed since November 2004, surged to $403.30 per share, with its RSI spiking to an extreme 91.47, signaling a strongly overbought condition.

Tuesday’s trading saw a notable pullback, with GLD retreating 6% and spot gold (XAUUSD) declining 5.5%, reflecting a technical correction after the fund’s rapid ascent.

Despite this short-term retracement, investor interest in GLD has remained robust. In October alone, $4.64 billion flowed into the ETF, contributing to a total of $19.68 billion invested in 2025. Assets under management in GLD now stand at $146.14 billion

Much of this activity has been driven by gold prices climbing above $4,000 per ounce, fueling demand among investors seeking exposure to the precious metal.

Year-to-date GLD is +56.5%.

The chart below, provided by Creative Planning, highlights GLD’s recent highs alongside its overbought levels:
[Creative Planning]
Gold (Creative Planning)

For more on gold, investors can look towards other spot gold and gold mining exchange-traded funds for further analysis.

GOLD ETFS: (NYSEARCA:GLD [https://seekingalpha.com/symbol/GLD]), (NYSEARCA:IAU [https://seekingalpha.com/symbol/IAU]), (NYSEARCA:SGOL [https://seekingalpha.com/symbol/SGOL]), (NYSEARCA:OUNZ [https://seekingalpha.com/symbol/OUNZ]), (NYSEARCA:BAR [https://seekingalpha.com/symbol/BAR]), (NYSEARCA:GDX [https://seekingalpha.com/symbol/GDX]), (NYSEARCA:GDXJ [https://seekingalpha.com/symbol/GDXJ]), (NYSEARCA:NUGT [https://seekingalpha.com/symbol/NUGT]), (NASDAQ:RING [https://seekingalpha.com/symbol/RING]), and (NYSEARCA:DUST [https://seekingalpha.com/symbol/DUST]).

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