Core Viewpoint - The SPDR Gold Trust, the world's largest gold ETF, reported a total holding of 967.94 tons of gold as of August 28, 2025, reflecting an increase of 5.44 tons from the previous trading day, amid rising gold prices that surpassed $3400 per ounce [5]. Group 1: Gold ETF Holdings - As of August 28, 2025, SPDR Gold Trust's holdings reached 967.94 tons, marking a 5.44-ton increase from the prior day [5]. - The increase in gold ETF holdings has occurred for four consecutive trading days [5]. Group 2: Gold Price Movement - On August 28, spot gold prices rose to a peak of $3423.2 per ounce, closing at $3416.78 per ounce, an increase of $19.3 or 0.57% [5]. - The rise in gold prices is attributed to a weakening dollar and concerns regarding the independence of the Federal Reserve [5]. Group 3: Economic Context - Recent economic data indicates resilience in the U.S. economy, with Q2 GDP growth revised up to an annualized rate of 3.3% [5]. - Initial jobless claims decreased to 229,000, and continuing claims fell to 1.954 million, both below expectations [5]. Group 4: Market Sentiment and Technical Analysis - Analysts suggest that concerns over the Federal Reserve's independence have led to increased buying interest in gold [6]. - The technical outlook for gold remains optimistic, with prices trading above all moving averages and a relative strength index (RSI) above 50 [6]. - Key resistance levels for gold are identified at $3440 and $3500, while support levels are at $3360, $3350, and $3330 [6].