SPDR Gold Shares (GLD) News Today

SPDR Gold Shares (GLD) is trading higher today as gold futures surge to fresh all-time highs amid intense safe-haven buying, bullish forecasts from major banks and sustained ETF inflows. Key drivers include:

• Positive Sentiment: Gold prices topped $4,000 per ounce for the first time ever, underscoring strong demand amid economic and geopolitical uncertainty. Review and Preview: Gold Outshines Stocks
• Positive Sentiment: Goldman Sachs raised its gold forecast to $4,900 by December 2026, citing persistent ETF inflows and central bank purchases. Goldman Sachs raises gold price forecast as metal tops $4,000 per ounce
• Positive Sentiment: UBS nudged its gold target higher to $4,200 per ounce, driven by a weaker U.S. dollar and rising geopolitical risks. Gold tipped to keep rising as UBS nudges target higher
• Positive Sentiment: Legendary investor Ray Dalio reiterated that gold is a crucial hedge today, likening current conditions to the early 1970s. Ray Dalio says today is like the early 1970s and investors should hold more gold than usual
• Positive Sentiment: Central bank buying and ETF demand remain robust, underpinning further upside potential for gold. Gold News: Central Bank Demand Strong, But Can It Drive a Breakout Above $4000?
• Neutral Sentiment: ETF Prime’s latest episode breaks down the dynamics of mining and crypto ETFs, offering context for how diversified metal ETFs sit within broader portfolio allocations. ETF Prime: Islam Breaks Down Mining & Crypto ETFs
• Neutral Sentiment: Technical analysts point to key intra-day entry levels for active traders as gold consolidates near record highs. Gold market analysis for October 6 - key intra-day price entry levels for active traders
• Negative Sentiment: Higher gold prices are squeezing jewelry makers, who warn of margin pressure as retail demand for gold-based products softens. Gold prices keep rising, and jewelry companies are sounding the alarm
• Negative Sentiment: Bank of America cautioned that a correction could be imminent as gold approaches the $4,000 target, flagging potential profit-taking risks. Risk of gold price correction mounts as $4,000 target looms - Bank of America

Overall, GLD’s uptick reflects gold’s continued appeal as a defensive play amid central bank easing expectations, ETF inflow momentum and geopolitical tensions.