GLD is trading 3.2% down today as spot gold prices retreat from $4,830/oz following the Federal Reserve's decision to maintain interest rates and signal a more restrictive monetary path.
- The Fed held rates at 3.50%–3.75% and projected zero to one cut for 2026, citing persistent inflation risks and a strengthening U.S. dollar.
- Market sentiment was further pressured by hotter-than-expected February PPI data (3.4% YoY) and oil prices surging to $110/bbl amid escalating Middle East tensions.