GLD is trading 4.3% down today as spot gold retreats from $4,830/oz following a hawkish Federal Reserve outlook and hotter-than-expected inflation data.

  • The Fed held interest rates at 3.50%–3.75% and signaled just zero to one cut for 2026, reinforced by February PPI rising 0.7% vs. the 0.3% expected.
  • Geopolitical tensions in the Middle East spiked oil prices, but gold remains pressured by a strengthening U.S. dollar and rising Treasury yields.