SPDR Gold Trust boosts holdings by 3.14 tonnes of gold

On 9 July the SPDR Gold Trust – the world’s largest gold‑ETF – bought a net 3.14 tonnes of bullion, taking its total gold position to roughly 1,006 tonnes. The purchase came as spot gold rose more than 1 % after three consecutive days of decline, with prices edging close to $4,124 per ounce but staying below the $4,162‑$4,214 resistance band.

The move was framed by mixed US economic signals: a jobs report showing 57,000 new jobs and unemployment at 4.2 %, while Federal Reserve minutes revealed lingering inflation concerns and the possibility of a September rate hike. Meanwhile, U.S. Treasury yields slipped and the dollar weakened, creating a supportive backdrop for gold. Market participants will watch the upcoming U.S. CPI data and Fed Chair comments for further direction.