The SPDR Gold Trust fell in value on October 24, 2026, as gold dropped below $4,000 per ounce to a three-month low. Surging Brent crude prices stoked inflation concerns and fears of further Federal Reserve rate hikes.
Rising Treasury yields have made non-interest-bearing assets such as gold less attractive to investors. The decline challenges gold’s traditional safe-haven status, as some investors may be selling holdings to cover margin calls in other markets.
Meanwhile, Citigroup filed to issue new market-linked securities tied to the performance of the GLD trust.