GLD

SPDR Gold Shares ETF

Gold surges 41% YTD and hits records as Fed cuts rates, dollar displays weakness and ETF inflows fuel demand, bringing GLD, IAU, SGDM and more into the spotlight.

Spot gold prices climbed to a new high of $3,728 per troy ounce, surging by over 1%.

Gold ETFs like GLD and IAU gain traction as Fed cuts, dollar weakness, and global uncertainty drive demand for safe-haven assets.

Fed cuts rates, dollar weakens and geopolitical risks rise, driving record gold gains and fueling demand for ETFs like GLD and IAU.

At the time of writing, gold futures maturing in December were up nearly 1%.

Spot gold prices stood at $3,641.55 per ounce at the time of writing, while U.S. gold futures edged lower to $3,679.00 per ounce.

Spot gold prices rose 0.5% to $3,605.13 per ounce at 03.16 a.m. ET, while U.S. gold futures edged slightly lower at $3,639.10 per ounce.

The S&P 500 hit a record high after the markets opened on Friday, and gold prices surged to a record high of $3,591 per ounce.

Silver hovers around $40, marking its strongest level since 2011 (per tradingeconomics), with ETFs like SLV up about 37% this year, outpacing gold-backed GLD.