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Gold spot ETF AAAU draws attention as dollar outlook darkens

AAAU charges an 18 basis point fee and has returned 7% year to date, according to ETF Database data cited by ETF Trends.

Reported · Written up by our desk · ETFs

ETF Trends highlights a growing focus on spot gold ETF AAAU as the U.S. dollar outlook weakens amid rising Treasury yields, a growing debt load, and uncertainty tied to the Strait of Hormuz conflict.

The outlet points to Treasury Secretary Scott Bessent’s announcement that the Treasury could use up to $1 trillion of Treasury General Account money to fund bond buybacks, describing it as part of a broader shift that could affect currency expectations and volatility.

AAAU, which tracks the spot price of gold, charges an 18 basis point fee and holds gold bars in the U.K., with the fund’s daily NAV set using the LBMA PM Gold Price, according to the publication.

ETF Trends also cites ETF Database data saying AAAU has returned 7% year to date and has outperformed the ETF Database Precious Metals category average over the same period, adding that it has also beat peer gold and metals ETFs over three- and five-year periods.

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