GLD is trading 5% down today amid a hawkish Federal Reserve decision to hold interest rates at 3.50%–3.75% and signal minimal rate cuts for the remainder of 2026.
- Persistent inflation fears have been amplified by hot February PPI data, which showed a 0.7% monthly and 3.4% yearly increase.
- A Middle East energy crisis has driven oil prices above $115/bbl, further fueling risk-off sentiment and expectations for a higher-for-longer interest rate environment.