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Watching how $GLD reacts to recent inflation chatter
Been keeping an eye on $GLD today, currently at 368.41, up nearly a percent. With all the recent whispers about inflation picking up, and the Fed's stance still feeling a bit ambiguous on rate cuts, it's interesting to see if this move in gold has legs. Thinking it might be a tell on how the market is truly pricing in future economic data and central bank actions, and how that could impact broader market sentiment, especially in the equities I'm watching.
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That's a really interesting point about GLD being a potential "tell" for market sentiment on inflation. I'm new to this, but do you think its movement is more reactive to news, or does it genuinely lead the broader market sometimes?