---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39719449.md"
description: "$SPDR Gold Shares(GLD.US)          Gold's recent performance has been surprisingly weak, failing to act as a hedge even during geopolitical shocks, contrary to expectations. I believe this is mainly the result of two factors working together:          First, a reversal in sentiment among the 'fast money' crowd (who had previously flocked to gold when it took over the upward momentum from Bitcoin);          Second, the narrative mentioned earlier—for countries facing production bottlenecks in the Middle East, gold and U.S. Treasuries have become a source of liquidity.This also explains why gold's price movement has shown correlation with U.S. Treasuries during the decline, while Bitcoin has begun to decouple from the sell-off. For me, at current levels, GLD is still worth accumulating gradually because its long-term trend remains upward."
datetime: "2026-04-03T16:58:57.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39719449.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39719449.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39719449.md)
author: "[鹏磊](https://longbridge.com/en/profiles/11662429.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/39719449.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39719449.md)


# $SPDR Gold Shares(GLD.US)          Gold's recent p…


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