🔴 GLD is trading 4.6% down today on hawkish Fed outlook and surging energy-driven inflation fears

GLD is trading 4.6% down today as spot gold retreats from $4,830/oz following a hawkish Federal Reserve interest rate hold and hotter-than-expected inflation data.

• The Federal Reserve maintained rates at 3.50%–3.75% on March 18, signaling zero to one cut for 2026 after February PPI data showed a 0.7% monthly increase.
• Middle East energy disruptions have pushed oil prices to $118/bbl, stoking inflation fears and pressuring gold's status as a non-yielding asset.