News
Gold ETF GLD rebounds 4.5% as price breaks below $360
The SPDR Gold Shares (GLD) fell below its $360 support level two weeks ago but recovered, gaining about 4.5% last week—the best weekly move in over two months—while the Nasdaq slumped. Analysts see the failed breakdown as a bear trap and set an upside target near $510, roughly a 35% rise from $373, with a clear exit if the price drops below $360.