GLD - SPDR Gold Shares
Precious Metals
GLD tracks gold prices, which are influenced by:
- Real interest rates
- Inflation expectations
- Currency confidence
- Geopolitical uncertainty
Gold tends to perform well when:
- Real yields decline
- Inflation fears rise
- Central banks ease policy
- Investors seek safe-haven assets
Gold weakness often appears during:
- Rising real yields
- Strong dollar environments
- Aggressive monetary tightening
Importantly, gold is not purely an inflation hedge. It is more accurately viewed as a hedge against declining confidence in fiat monetary systems or falling real returns on cash and bonds.
Weekly Trend (Long Term)
Daily Action (Short Term)
