3 Gold ETFs to Watch as Gold Prices Near a New Rally

Gold ETFs are attracting renewed investor interest as gold prices remain strong near key resistance levels. Bullion traded above $4,190 per ounce on Monday and continued testing the $4,200 mark, supported by growing demand and heightened market volatility.

At the same time, the cryptocurrency market gained 1.63% over the past 24 hours, reaching a total market capitalization of $2.23 trillion. Bitcoin traded above $65,000, while Ethereum hovered around $1,753.

Rising geopolitical tensions, particularly concerns surrounding potential U.S.-Iran conflict risks, have strengthened demand for safe-haven assets such as gold. Investors are increasingly turning to Gold ETFs to protect portfolios from market uncertainty and possible oil price shocks.

Market participants are also monitoring developments surrounding the U.S. CLARITY Act, which lawmakers aim to finalize by July 4, 2026. The proposed legislation seeks to clarify crypto regulations, including token classification rules and the division of oversight between the SEC and CFTC. Greater regulatory clarity could encourage additional institutional investment in digital assets and related markets.

Despite a recent correction that saw some Gold ETFs decline more than 7% over the past month, the sector remains strong. Many leading gold funds have delivered gains of roughly 47% over the last year, highlighting sustained long-term demand.

From a technical perspective, gold remains bullish as long as prices stay above $4,185. Key resistance levels are located at $4,200 and $4,250. A breakout above $4,250 could pave the way toward $4,300, while stronger momentum may eventually drive prices toward $4,500. On the downside, support is seen at $4,190, followed by $4,180, $4,170, and $4,150.

Among the top Gold ETFs to watch is SPDR Gold Shares (GLD), the largest gold-backed ETF. With approximately $141.67 billion in assets under management and a 0.40% expense ratio, GLD offers investors convenient exposure to physical gold without storage concerns.

Another popular option is iShares Gold Trust (IAU), which provides similar exposure to gold bullion at a lower expense ratio of 0.25%. With around $66.5 billion in assets, IAU remains a preferred choice for long-term, cost-conscious investors.

Investors should note that the SpaceX Bull 2X ETF (LOFF) differs significantly from traditional Gold ETFs. Rather than tracking gold prices, LOFF provides leveraged exposure to SpaceX shares, targeting 200% of the company’s daily price movement. While it may appeal to short-term traders seeking amplified returns, it is not a direct investment in gold.

As gold prices continue to hold near important technical levels, GLD and IAU remain among the most closely watched Gold ETFs for investors positioning ahead of a potential rally.