Mirae Asset boosted its GLDM gold ETF stake by 12% in Q3 2025, citing geopolitical tensions, a weak dollar, and expected Fed rate cuts.

In the third quarter of 2025, Mirae Asset Global Investments increased its holdings in SPDR Gold MiniShares Trust (GLDM) by 12%, acquiring 26,500 shares to own 247,700 shares worth about $18.9 million. The move followed rising demand for gold ETFs amid geopolitical tensions, a weakening dollar, and expectations of Federal Reserve rate cuts. Support came from Tether’s plan to allocate up to 15% of its portfolio to physical gold, while GLDM’s price reached a 1-year high of $109.74, supported by strong moving averages. Analysts noted potential short-term volatility and profit-taking risks despite the positive momentum.