The SPDR Gold Trust GLD is up 3.3% to $316.15 during Monday’s session as investors flee traditional U.S. assets for the session amid rising political instability and inflation concerns.
What To Know: Gold prices to an all-time high of $3,410 per ounce, capping a nearly 20% rally since March—GLD’s strongest two-month run since 2011.
The surge comes amid renewed doubts over U.S. economic leadership. President Donald Trump’s public feud with Fed Chair Jerome Powell, including calls for immediate rate cuts and threats to remove Powell, has rattled markets. This political interference, paired with ongoing inflation fears, has eroded confidence in the dollar and U.S. Treasuries.
As a result, investors are turning to gold ETFs. GLD alone has seen over $8.3 billion in inflows since January, highlighting robust institutional and retail demand. Analysts say this rally is structurally driven, not speculative, and may have further room to run—with Goldman Sachs forecasting $3,700 gold by year-end.
With the S&P 500 tumbled 2.9% and the Nasdaq-100 fell 3.1% Monday afternoon, gold remains a rare bright spot, on Monday reaffirming its role as a safe-haven during times of financial and political stress.
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