GLD
SPDR Gold Shares·Financial Services
413.82
0.760%(−3.17)
Market ClosedLast Updated: — ET
52W L: $299.8952W H: $509.70
SPDR Gold Shares·Financial Services
Market Peers
The price of gold has been heading higher in recent years. Gold is often viewed as a store of value, but owning it directly can be complicated and expensive.
Gold and silver continue to do what they do best: frustrate traders, as the precious metals have become significantly more nuanced within their broader consolidation pattern.
The latest Kitco News Weekly Gold Survey showed Wall Street still firmly bearish on gold's near-term prospects, while Main Street maintained its stubborn bullish bias despite gold's losses.
Spot gold prices were lower and spot silver prices were also under pressure in late afternoon trading on Friday, as firm Treasury yields, a stronger dollar tone and hawkish Fed inflation language offset residual safe-haven demand tied to the Strait of Hormuz and U.S.-Iran talks
Gold remains in a bullish long-term structure but continues a corrective phase as momentum fades, volatility contracts, and price compresses toward a potential breakout zone.
Gold and silver are managing to hold key near-term support levels ahead of the weekend, and while the precious metals remain stuck in relatively neutral territory, some analysts have said that the volatility in bond markets this past week could be a sign of shifting fears in the marketplace.