Right now, I’m leaning cautious to slightly bearish on gold in the short term. The sharp drop in SPDR Gold Shares
$SPDR Gold Shares(GLD)$ reflects shifting rate expectations, and with the Federal Reserve likely keeping rates higher for longer, that continues to pressure a non-yielding asset like gold. The speed of the sell-off also suggests crowded positioning unwinding.
That said, I’m not fully bearish on the bigger picture. If geopolitical tensions stay elevated and oil prices remain high, inflation could stay sticky, which may support gold over time. Real yields are the key—once they peak or decline, gold could stabilize and recover.
For now, I see this as a correction rather than a breakdown. I’m staying on the sidelines and waiting for clearer signals before acting, as the short-term bias still feels tilted to the downside.
@CC on ETFs @TigerStars @Tiger_comments @TigerClub
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