Dollar’s Freefall Ignites Gold Rush: How Precious-Metals ETFs Are Soaring

The greenback's stumble has become bullion's rocket fuel.

As the dollar index tanks to multi-year lows, investors are piling into gold and silver ETFs at a breakneck pace—turning these ancient safe havens into 2025's hottest trade.

Wall Street's alchemy at work: Every 1% drop in DXY sends gold ETFs up 2.3% on average. Silver? Even juicier at 3.1%.

But here's the twist: These flows aren't just from the usual inflation-paranoid boomers. Crypto natives are rotating profits into physically-backed ETFs—hedging their digital bets with tangible assets.

Goldman analysts call it 'the great metallic rotation,' while Bitcoin maxis grumble about 'weak hands.' Meanwhile, central banks keep stacking bullion like doomsday preppers.

One cynical take? This is just institutional FOMO dressed up as macro strategy—the same hedge funds that mocked gold bugs now can't get enough. How quickly they forget that 40% of gold demand still comes from... jewelry.

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Dollar Drag and ETF Boom

A sliding dollar boosts demand for dollar‑priced metals, making bullion and related ETFs more attractive. 

Barron’s research shows that during recent dollar dips in February and May, VanEck Junior Gold Miners ETF surged about 34% and 15%, while abrdn Physical Platinum ETF jumped 45%, and iShares Silver Trust (SLV) returned 5% – 12%. 

Simultaneously, spot gold reached $3,389.98/oz, its strongest since mid-June, on the back of weaker dollar and Treasury yields.

Top Precious‑Metal ETFs to Watch

Gold‑centric funds are riding the trend. SPDR Gold Shares (GLD) is up roughly 27% year-to-date, fueled by a record $38 billion in ETF inflows during H1. 

In silver, SLV has gained about 27% this year, with silver trading above $37 – $39/oz, its highest in over 13 years. Meanwhile, platinum-focused PPLT (abrdn) has rallied nearly 50%, supported by rising platinum prices and tight supply. 

Finally, the junior miners ETF gives high leverage to gold moves, ideal for aggressive investors.

Why the Dollar is Slumping — and What It Means

Multiple factors are dragging the dollar down: deepening U.S. fiscal deficits, trade tensions (especially looming tariffs), and expectations of Fed rate cuts or delays, all favoring precious‑metal gains. 

As long as the dollar remains pressured and Treasury yields stay low, metal ETFs should continue to outperform, especially those offering direct or Leveraged exposure.

Conclusion

Dollar weakness has set the stage for precious‑metals ETFs to shine. Key funds to watch include GLD, SLV, PPLT, and VanEck Junior Gold Miners. If you are investing, ensure to track DXY levels (97 – 100), Fed messaging, and Treasury yields for future ETF momentum cues.

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