Analysis for SPDR Gold Shares
Description & usage
SPDR Gold Shares holds physical gold and tracks bullion price movements through an exchange-traded structure. Its value proposition is liquid gold exposure without direct storage and handling requirements. Core drivers are real yields, US dollar direction, and global risk aversion. Investors also monitor ETF flow momentum, central-bank buying trends, and golds relative appeal versus yield-bearing assets.
Basic info
- Symbol
- GLD
- Type
- ETF
- Region
- Global
- Sector
- Gold
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
- TER
- 0.4 %
Basic info
- Symbol
- GLD
- Type
- ETF
- Region
- Global
- Sector
- Gold
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
- TER
- 0.4 %
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Analysis summary
Technical asset picture
SPDR Gold Shares (GLD) currently has a total score of 77 points, placing it in the strong range. The score is made up of Performance (82), Stability (74) and Trend (67). All three sub-scores are currently above average.
Performance scores 82 points (very strong). Key strength: 3Y return at 134.1 %. Even the weakest return is still strong in absolute terms: 10Y return at 269.1 %.
Stability scores 74 points (strong). Best-ranked metric: max drawdown (10Y) at -22.0 %. Even the weakest metric remains solid in absolute terms: volatility (365d, annualized) at 27.7 %. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 67 points (strong). Key strength: 12M momentum at 64.1 %. Main drag: Price is about 5.5 % below SMA50.
Overall, the score is shaped most by Performance; Trend trails and dampens the total. On a metric level, max drawdown (10Y) stands out, while SMA50 distance is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For gold and precious-metals assets, higher real yields and a stronger US dollar typically lean headwind.
Note: DXY is used here as the latest available reading; ISM PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.