Goldman Sachs Future Consumer Equity ETF Price & Performance (GBUY)

Gold prices have surged past $3,000 per ounce, reaching record highs as the Federal Reserve maintained interest rates and lowered its GDP forecast for 2025. Geopolitical instability, including Israel's actions in Gaza, has also boosted gold's safe-haven appeal. Analysts now predict gold could peak above $3,200 this year.1

The Nasdaq Composite dropped 1.2% as tech companies, including Nvidia and Microsoft, faced sell-offs tied to tariff uncertainties. President Trump's commitment to implementing tariffs on Mexico and Canada has heightened market anxieties. Meanwhile, Nvidia's upcoming earnings report remains a key focus for investors.2

The S&P 500 fell for a fourth consecutive session, closing at 5,955.25, following disappointing consumer confidence data. Concerns over economic growth and retail sector weakness weighed on the market, while U.S. Treasury yields dropped as investors sought safety in bonds.3