S&P 5007,773.95▲ +0.66%Nasdaq 10031,076.44▲ +0.87%Dow51,267.90▲ +0.18%Russell 20002,847.14▲ +0.50%VIX15.51▼ -0.06%10Y yield5.31%▲ +3.0 bpWTI crude88.74▼ -0.77%Gold4,163.80▲ +0.17%Bitcoin85,519▼ -0.31%Nikkei 22570,683.98▲ +1.05%Hang Seng24,213.71▲ +0.72%Shanghai3,842.20▲ +0.31%KOSPI6,941.39▼ -0.89%Nifty 5022,712.85▲ +0.70%ASX 2008,735.70▲ +0.57%FTSE 10010,578.81▲ +0.77%DAX25,414.13▲ +0.63%Euro Stoxx 506,279.21▲ +0.59%TSX35,518.60▲ +0.04%S&P 5007,773.95▲ +0.66%Nasdaq 10031,076.44▲ +0.87%Dow51,267.90▲ +0.18%Russell 20002,847.14▲ +0.50%VIX15.51▼ -0.06%10Y yield5.31%▲ +3.0 bpWTI crude88.74▼ -0.77%Gold4,163.80▲ +0.17%Bitcoin85,519▼ -0.31%Nikkei 22570,683.98▲ +1.05%Hang Seng24,213.71▲ +0.72%Shanghai3,842.20▲ +0.31%KOSPI6,941.39▼ -0.89%Nifty 5022,712.85▲ +0.70%ASX 2008,735.70▲ +0.57%FTSE 10010,578.81▲ +0.77%DAX25,414.13▲ +0.63%Euro Stoxx 506,279.21▲ +0.59%TSX35,518.60▲ +0.04%
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——Market postureConstructiveBroad uptrend. Normal signal cadence to our subscribers.Broad uptrendSee the regime ›
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ETF research

GLD: SPDR Gold Shares research

As of 09-25-2026

Watch viewHedgeRole: diversifier / tail hedge6-month horizonMacro: NEUTRAL

GLD shows strong 12m (+14.59%) and YTD (+5.63%) returns and 3m relative strength versus the S&P 500 of only -0.73%, nearly keeping pace with equities, but the 1m return of -6.62% and 29.3% volatility with a 26.4% max drawdown signal a sharp recent pullback and high risk. It sits below its 200-day average currently, suggesting the medium-term uptrend has stalled.

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