The S&P 500 is kicking off the second quarter on a solid note, tallying gains of more than 8% in the first three weeks of April as early earnings results suggest a sixth consecutive quarter of double-digit earnings growth may be underway, according to FactSet data.
Campbell Capital Management Inc. acquired a new stake in SPDR Gold Shares (NYSEARCA:GLD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,325 shares of the exchange traded fund's stock, valued at approximately $2,507,000. SPDR Gold Shares comprises
Gold hit an all-time high this year of around $5,600. However, it's fallen significantly from those levels and is now below even the $5,000 mark.
Gold logged a third consecutive weekly advance, thanks to hopes of a ceasefire to the Iran conflict and continued central bank buying. Gold bullion-based exchange-traded fund SPDR Gold Trust GLD added about 1.9% last week, although the fund is off about 6.4% over the past one-month frame (as of April 10, 2026), as some investors sold gold to cover losses in other assets during the peak of the Iran war.
Gold ETFs may still shine despite volatility, as safe-haven demand, central bank buying and geopolitical risks support long-term upside.
Gold earns a 'strong buy' rating due to rising geopolitical instability, declining international cooperation, and increasing reliance on gold for trade settlement. The Iran war triggered a short-term gold price decline, presenting an attractive entry point as macro drivers remain highly supportive. Central bank gold purchases are trending above 200 tonnes per quarter, reflecting eroding trust in fiat currencies and fragmentation of the international monetary system.
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