SPDR Gold Shares (GLD) News Today

SPDR Gold Shares (GLD) has seen downward pressure today as strong U.S. economic data bolstered the dollar, offsetting supportive safe-haven flows and technical support levels.

• Positive Sentiment: Big banks are turning market volatility into increased gold trading and higher profits, highlighting institutional support for gold as a trading asset. Big Banks Are Spinning Market Chaos Into Gold
• Positive Sentiment: Safe-haven demand has risen ahead of U.S. CPI data as investors seek protection against potential volatility. Gold Shines As Safe-Heaven Bets Rise Ahead Of US CPI Data
• Positive Sentiment: Gold ETFs remain attractive long-term hedges due to rising U.S. debt, stubborn inflation, and central bank gold purchases. Here's Why Gold ETFs Remain Strong Bets
• Positive Sentiment: BCA forecasts that gold will outperform cyclical commodities through year-end, underscoring its defensive appeal. Gold will outperform cyclical commodities through year-end - BCA
• Positive Sentiment: The dollar’s pullback on speculation over Fed Chair Powell’s position provided a lift to gold prices. Gold (XAUUSD), Silver, Platinum Forecasts
• Positive Sentiment: Gold briefly surged on rumors about a potential firing of Fed Chair Powell before retracing gains. Gold price pops, backs off on Powell firing rumor
• Positive Sentiment: A softer dollar and easing U.S. Treasury yields helped gold hold above its 50-day moving average near $3,323. Gold (XAUUSD) Price Forecast: Holds 50-Day MA
• Neutral Sentiment: Gold is trading in a wide consolidation range of about $300, indicating indecision among traders. Gold Price Outlook – Gold Continues to Grind
• Neutral Sentiment: Analysts note gold remains stuck in noisy trading between psychological floors at $3,200 and ceilings at $3,500. Gold continues to see noisy trading
• Neutral Sentiment: Key intra-day price entry levels are being watched by active traders amid muted volatility. Gold market analysis for July 17 - key intra-day price entry levels
• Negative Sentiment: A stronger dollar, fueled by a surprise rise in the Philadelphia Fed survey to 15.9, weighed on gold prices below $3,320. Spot gold slides below $3,320/oz after Philly Fed survey rises
• Negative Sentiment: Robust U.S. retail sales in June, up 6%, dented gold’s appeal as investors rotated into risk assets. Gold prices sink as U.S. retail sales numbers jump 6% in June
• Negative Sentiment: U.S. weekly jobless claims fell to 221,000, underscoring labor-market strength and pressuring gold. Gold prices fall to session lows after U.S. weekly jobless claims drop to 221k
• Negative Sentiment: Continued dollar strength pushed gold back toward its 50-day moving average, limiting upside. Gold price forecast: Dollar strength sends gold into 50-day MA