SPDR Gold Shares (GLD) News Today

SPDR Gold Shares (GLD) has edged higher as investors weigh bullish forecasts and safe-haven demand against a firmer dollar and improving risk sentiment.

• Citi projects gold at $3,500 within three months, supporting upside momentum for GLD.
• Bank of America expects gold to reach $4,000/oz by year-end amid renewed global turmoil forecasts.
• China’s gold imports via Hong Kong nearly tripled in April to 43.5 tonnes, reflecting strong demand and higher premiums.
• Geopolitical tensions continue to drive safe-haven buying, helping lift gold-linked ETFs.
• Ultra-high-net-worth investors are shifting gold holdings to Singapore, highlighting growing risk aversion.
• Gold miners are foregoing hedging to maximize exposure to elevated gold prices, signaling producer confidence.
• Front-month Comex futures saw a technical rebound in Asia after a recent pullback, suggesting consolidation.
• GLD outperformed other precious-metal ETFs last week amid policy shifts and market volatility.
• Analysts report mixed intra-day price action around key support and resistance levels, indicating range-bound trading.
• Thin holiday trading conditions amplified price swings as markets awaited tariff developments and Fed signals.
• Forecasts vary: some see steady near $3,322 amid Fed rate-cut hopes, while others await clear breakout above $3,340.
• A stronger U.S. dollar has pressured gold prices below key levels, dampening GLD demand.
• Rising U.S. consumer confidence and better durable-goods data have reduced immediate safe-haven flows.
• Improved risk appetite among traders led to a pullback in gold, weighing on GLD performance.
• Gold briefly fell below $3,290/oz as markets tested support amid a rebounding greenback.