GLD Pulls Back Amid Rising Yields
$SPDR Gold Shares(GLD)$
$364.38 (−0.72%): Gold ETF pulls back amid yield uptick; RSI neutral around 60
Market Recap (as of Oct 28, 2025):
The SPDR Gold Shares (GLD) declined −0.72% to $364.38, tracking spot gold’s mild retreat as U.S. Treasury yields inched higher and the dollar index stabilized above 104.
The ETF traded within a narrow intraday band of $360.12–$365.30, with total volume at 18.20M, modestly above its recent average (15.75M).
The move reflected position trimming ahead of key inflation and GDP prints later this week.
Technical Indicators Analysis:
The bullish structure holds despite the pullback. The RSI (48.78) has reset to a healthy neutral, easing from overbought conditions, while the MACD remains in positive territory—though its narrowing histogram flags a short-term slowdown in momentum.
The 20-day EMA continues to slope upward near $362, serving as initial dynamic support. Key resistance stands at $374, while support lies at $360.
Maintaining price action above the $360 threshold would keep GLD within its mid-term uptrend channel.
Valuation and Target Range:
With net assets at $124.5B, NAV of $395.18, and an expense ratio of 0.40%, GLD remains the benchmark institutional proxy for physical gold exposure.
The ETF has posted a YTD total return of +66.5%, mirroring the underlying metal’s resilience amid persistent geopolitical risk.
Over the next 1–3 weeks, the base range is projected at $360–$372, contingent on U.S. real yields and inflation expectations.
Risk Statement:
Gold’s trajectory remains sensitive to bond yield swings and USD strength. Any hawkish repricing of Fed expectations may temporarily cap upside momentum. This report provides a technical overview only and does not constitute investment advice.
Data Source: Yahoo Finance (price, valuation, ETF data), TradingView (technical chart), as of Oct 28, 2025. Prepared by Tiger Morning Brief | Internal use only.
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