---
title: "Weekly Recap | Pro Ultrshrt GLD +4.21%, gold pullback powers inverse fund"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298784993.md"
description: "Pro Ultrshrt GLD (GLL.US) rose 4.21% this week to close at $22.79, up from $21.87 the previous Friday. The S&P 500 fell 0.8% over the same stretch, leaving GLL about 5.01 percentage points ahead. The fund traded for only four sessions: it opened Tuesday at $22.25 and closed at $22.65, dipped to $22.24 on Wednesday, hit the week’s high of $23.14 on Thursday and settled at $23.04, then eased to $22.79 on Friday. Weekly amplitude came to 5.57%, and average daily volume of 3."
datetime: "2026-09-12T04:29:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298784993.md)
  - [en](https://longbridge.com/en/news/298784993.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298784993.md)
generator: "portal-rs"
---

# Weekly Recap | Pro Ultrshrt GLD +4.21%, gold pullback powers inverse fund

## The Week

Pro Ultrshrt GLD (GLL.US) rose 4.21% this week to close at $22.79, up from $21.87 the previous Friday. The S&P 500 fell 0.8% over the same stretch, leaving GLL about 5.01 percentage points ahead. The fund traded for only four sessions: it opened Tuesday at $22.25 and closed at $22.65, dipped to $22.24 on Wednesday, hit the week’s high of $23.14 on Thursday and settled at $23.04, then eased to $22.79 on Friday. Weekly amplitude came to 5.57%, and average daily volume of 3.56m shares ran about 69% above the 60-day median.

## Sector News

Gold swung around US inflation readings all week. A softer dollar lent support early on, with spot gold topping $4,430 on 10 September; but August PPI rising 5.4% year on year and oil prices climbing past $105 pushed rate-hike expectations higher, and gold fell more than 1% that day. Ahead of Friday’s CPI, gold briefly traded near $4,300. Because GLL is a geared inverse gold ETF, gold pressure translates into upward movement in the fund’s net asset value. Elsewhere, CFTC data showed COMEX gold speculators cutting net longs, Goldman Sachs kept its $4,900 end-2026 gold call and flagged net upside risk, and China recorded its largest monthly gold purchase since 2023 at $3.12bn.

## The Week Ahead

The US macro calendar is busy next week. Tuesday brings the New York Fed manufacturing index (prior 20.6, consensus 14.75). Wednesday includes retail sales, autos-ex-retail sales, import prices, the NAHB housing index and EIA crude inventories. Stronger retail numbers could keep rate-hike expectations elevated, which in turn affects gold and GLL’s inverse exposure. The Federal Reserve’s September meeting also takes place next week, making the policy statement a key driver for gold and geared inverse gold funds over the near term.

## In Short

GLL’s 4.21% advance tracks gold’s choppy retreat this week, but the move is best read as volatility in a leveraged inverse vehicle rather than a clean directional signal on the metal itself. Inflation worries from a hot PPI and elevated oil sit in tension with gold dip-buying and central bank demand. Goldman’s $4,900 bull case for end-2026 also contrasts with COMEX speculators trimming net longs. That divergence leaves gold’s near-term path dependent on post-CPI real rates and the dollar. For GLL, what matters is the depth and persistence of any gold pullback, not any single data point.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**