GLD·SPDR Gold Shares

Gold prices are holding steady due to international tensions, which are offsetting lower demand, creating a complex interplay of factors affecting GLD's performance. This suggests that GLD's performance will be sensitive to geopolitical developments. The market is also reacting to expectations around Federal Reserve policy, which could impact the attractiveness of gold as an investment. The author views GLD as a buy, citing robust long-term gold fundamentals, consistent ETF inflows, and sustained central bank demand. This positive outlook suggests potential for continued price appreciation, making GLD a core portfolio holding. The analysis emphasizes the importance of gold as a long-term investment.