--- title: "Weekly Recap | Pro Ultr GLD -3.97%, lagging the S&P 500 by over 5 points" type: "News" locale: "en" url: "https://longbridge.com/en/news/300181128.md" description: "UGL.US fell 3.97% this week to close at $48.85, down from $50.87 at the end of the prior week. The S&P 500 rose 1.21% over the same stretch, leaving UGL.US about 5.18 percentage points behind the broader market. The week started with a push higher: shares opened at $50.57 on Monday and touched an intraday high of $50.73 before fading. Selling picked up through midweek, with Thursday’s low of $47.80 marking the week’s bottom, followed by a modest recovery into Friday’s $48.85 close." datetime: "2026-09-26T04:50:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300181128.md) - [en](https://longbridge.com/en/news/300181128.md) - [zh-HK](https://longbridge.com/zh-HK/news/300181128.md) generator: "portal-rs" --- # Weekly Recap | Pro Ultr GLD -3.97%, lagging the S&P 500 by over 5 points ## The Week UGL.US fell 3.97% this week to close at $48.85, down from $50.87 at the end of the prior week. The S&P 500 rose 1.21% over the same stretch, leaving UGL.US about 5.18 percentage points behind the broader market. The week started with a push higher: shares opened at $50.57 on Monday and touched an intraday high of $50.73 before fading. Selling picked up through midweek, with Thursday’s low of $47.80 marking the week’s bottom, followed by a modest recovery into Friday’s $48.85 close. The weekly range was 5.79%, and average daily volume of 2.62m shares ran 8.65% above the 60-day median. The close sits below the 20-day moving average of $50.47 but still above the 60-day line at $49.06. ## Sector News The dominant theme this week was a tightening rate outlook and a firmer dollar. News flow pointed to rising bets on a ‘higher for longer’ Federal Reserve path, higher Treasury yields and a stronger US dollar, all of which weighed on gold futures. Comex gold settled 0.43% lower on Friday at $4,263.00. Early in the week, gold rebounded from the $4,000 support level and one analyst floated $5,000 as a possible target, but hawkish commentary and a global bond sell-off repeatedly interrupted the bounce. Gold hit a five-week low midweek and briefly traded below $4,300 on Thursday before a late-week recovery as the dollar softened and yields eased. Crude oil added a layer of noise, rallying more than 4% at one point before giving back gains. ## The Week Ahead The macro calendar picks up next week. Monday brings the Dallas Fed manufacturing business activity index, with a prior reading of 11.6. Tuesday is busier: FHFA house prices (prior 2.3), the Case Shiller 20-city home price index (one series at 0.4, another at 2.1 with a 2.2 forecast), US JOLTS job openings (prior 7.271, forecast 7.24) and consumer confidence (prior 89.4, forecast 90). These releases will test the resilience of the higher-for-longer rate narrative, and Treasury yields remain the key short-term swing factor for gold. The late-Friday bounce in gold futures and softer dollar also set up a question for the open: whether that move carries into next week or stalls at the 20-day average. ## In Short This week split in two directions: the S&P 500 gained 1.21%, while UGL.US lost 3.97%, a gap of roughly five percentage points. Price action pushed the fund below its 20-day moving average, though it still holds above the 60-day line, so the move reads as a pullback rather than a trend break. The latest daily flow snapshot shows large-lot money leaning slightly net positive, but that is a single-day signal, not a weekly trend. The main tension to resolve is whether the bond sell-off stabilises. If yields keep climbing, gold-linked pressure is likely to persist; if Tuesday’s housing, job openings and consumer confidence data come in soft, cooling rate expectations could open a recovery window for the theme. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) ## Related News & Research - [Why Are Precious Metal Stocks Falling Today?](https://longbridge.com/en/news/300306576.md) - [PRECIOUS-Fed tightening bets weigh on gold prices](https://longbridge.com/en/news/300234221.md) - [CANADA STOCKS-TSX futures edge up as oil eases, precious metals gain](https://longbridge.com/en/news/300122823.md) - [Firm floor seen under gold prices](https://longbridge.com/en/news/299834191.md) - [PRECIOUS-Gold heads for weekly decline as dollar firms, Fed rate outlook weighs](https://longbridge.com/en/news/300087943.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**