SPDR Gold Shares is trading 3.2% down today as spot gold extends its recent pullback following a hot CPI report that signaled persistent inflationary pressure.
- Spot gold prices are currently around $4,150/oz, down nearly 4% on the day as rising real yields and shifting risk sentiment weigh on the metal.
- June’s CPI report showed annual inflation at 4.2%, a one-year high, reinforcing expectations that the Federal Reserve will maintain elevated interest rates.
- The move follows a broader multi-week decline for gold after the asset reached record highs earlier in 2026.