History says it is coming. A 30% drawdown is part of the contract you signed when you bought stocks.
The current state of global economics since the 1944 Bretton Woods agreement operates on certain presumptions regarding gold, oil, interest rates, the perceived strength of the US dollar, and the geopolitical landscape.
Gold pays no dividend. It throws off no interest.
I communicated a bearish tone on SPDR Gold Shares ETF in March. However, I've shifted to a neutral outlook after spot gold suffered additional losses. GLD has captured ~0.58 of its historical max drawdown and exceeded its 95th percentile monthly VaR, which is why I won't be selling more of my position. I think Spot Gold's future performance will likely be rangebound. I foresee improved real rates in the U.S. and other developed markets, which could act against gold.
f Gold has done its job over the past year, and holders of the SPDR Gold Shares (NYSEARCA:GLD) have watched the world's largest gold ETF climb 25.38% over 12 months.
SPDR Gold Shares (NYSEARCA:GLD) and iShares Gold Trust (NYSEARCA:IAU) hold physical bullion in vaults and track the LBMA spot price minus expenses.
A 58-year-old investor with $100,000 parked in SPDR Gold Trust (NYSEARCA:GLD) as a crisis hedge is paying roughly $300 more per year than necessary for the exact same bars of bullion.
The SPDR Gold Shares (NYSEARCA:GLD | GLD Price Prediction) has quietly become one of the largest stories in markets, with the fund now holding roughly $1.2 trillion in net assets after a 36% gain over the past 12 months.
Fast-tracking mega IPOs into major indexes and the case for active preferred ETFs were both on the agenda for this week's ETF Prime. Host Nate Geraci welcomed Rich Lee, head of program trading and execution strategy at Baird, and Douglas Baker, portfolio manager and head of preferred securities at Nuveen.
Tony Dong is the founder of ETF Portfolio Blueprint.
Energy prices in the United States just did something violent. The PCE energy index jumped 11.56% month-over-month in March 2026, which pushed headline inflation back up to 3.5% year-over-year after a year of relative calm.
It's certainly not a secret that the price of gold has undergone a fascinating journey over the last six months. While the precious metal ended 2025 and began 2026 on a very high note, its price hit some volatility in March as geopolitical conflict escalated in the Middle East.