Gold futures ETF trading volume spiked 22% in the last session, with inflows of $320 million reported. This surge reflects institutional repositioning ahead of key CPI data, suggesting possible short-term breakouts above $190 resistance. Gold is a highly liquid asset, meaning its standardized weight and purity make it easily tradable, and it does not carry credit risk. With open interest in Comex gold derivatives jumping 11.4% in futures contracts and 14.0% in options over the past week, trading volumes in both products leapt yesterday to the highest since gold's previous attempt to breach $3500 per ounce back on 22 April , amid the stock-market rout following President Trump's 'Liberation Day' trade tariffs shock. COMEX gold futures gained $15, lifting related ETFs to 5-week highs. Historical correlation models point to sustained upside if inflation prints remain elevated, as more funds shift allocations from equities into commodities.