Group 1 - The SPDR Gold Shares (GLD) ETF has reached a 52-week high and is up 70.79% from its 52-week low price of $236.13 per share [1] - GLD is designed to track the spot price of gold bullion and charges 40 basis points in annual fees [1] - The recent rise in gold prices is attributed to increased volatility, safe-haven demand, trade uncertainty, central bank buying, geopolitical frictions, and concerns about a potential AI bubble [2] Group 2 - Rising market expectations of further Federal Reserve rate cuts are favorable for gold, as interest rate cuts weaken the U.S. dollar, making it less attractive to foreign investors [3] - GLD currently holds a Zacks ETF Rank of 3 (Hold) with a medium risk outlook, but it may continue to perform strongly in the near term, indicated by a positive weighted alpha of 70.98 [4]
Gold ETF (GLD) Hits New 52-Week High
ZACKS·2025-10-21 16:06