And, after struggling for much of 2026 as investors priced in additional Fed tightening, bullion is showing signs of a rebound as markets begin to unwind those hawkish expectations.
These trends are now putting gold ETFs back on investors’ radars.
• SPDR Gold Shares stock is holding steady today. What’s the outlook for GLD shares?
Weak Jobs Data Changes the Fed Narrative
The U.S. economy added just 57,000 jobs in June, far below economists’ estimates of 115,000, prompting traders to sharply reduce expectations for another Fed rate hike.
