SPDR Gold Shares Price & Performance (GLD)

Gold-backed ETFs, including SPDR Gold Shares, are experiencing renewed inflows in early 2025. This surge is driven by escalating trade tensions between the U.S. and China, with each tariff announcement prompting a notable uptick in gold prices. Central bank buying and a pause in Fed rate hikes are bolstering institutional demand.12

SPDR Gold Shares (GLD) is showing robust technical momentum, with its price well above key moving averages. Analysts rate the ETF a buy, citing a strong trend and relatively low risk. However, the Relative Strength Index suggests the fund may be approaching overbought territory, warranting caution for short-term traders.34

Unprecedented options trading volume in SPDR Gold Shares and surging implied volatility highlight significant speculation and hedging in April 2025. While support remains firm, analysts expect consolidation until new macroeconomic catalysts emerge. Central bank purchases and shifting risk sentiment continue to provide a floor for gold prices.15