Gold is Down 23% from the Peak to $4,330 an Ounce. Time to Buy This Top Gold ETF?
The SPDR Gold Trust could warm up as gold shimmers again.
Gold is Down 23% from the Peak to $4,330 an Ounce. Time to Buy This Top Gold ETF?
Overview
Gold's spot price peaked at $5,589 per troy ounce on Jan. 28, doubling from its price of $2,742 per ounce a year earlier. That rally was driven by the Fed's six consecutive rate cuts in 2024 and 2025, which softened the U.S. dollar and strengthened precious metals, as well as by macro headwinds that drove investors to accumulate more gold as a safe-haven asset.
But since then, gold's price has pulled back about 23% to $4,330. Should you capitalize on that pullback and invest in SPDR Gold Trust (NYSEMKT: GLD), the world's largest gold ETF?
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
