This morning, U.S. stock index futures are slightly down following the recent run to record highs. S&P 500 futures dipped about 0.3%, Dow Jones Industrial Average futures fell approximately 0.4%, and Nasdaq 100 futures declined around 0.4%.
The markets are cautious ahead of a series of Federal Reserve speeches and an important inflation report due later this week, which could provide clues about further interest rate cuts.
GLD is currently trading significantly above its level of around $280 at the beginning of April 2025. The upward trend, which began in August, has continued steadily, reflecting strong momentum in gold prices.