GLD climbs for a seventh session
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SPDR Gold Shares (GLD) rose 0.94% to $399.63, marking a seventh consecutive session of gains. The rise is supported by a weaker U.S. dollar and U.S. economic data, influencing Federal Reserve policy expectations. Despite fluctuations due to Ukraine peace talks and profit-taking, analysts remain positive on gold, citing central bank buying and geopolitical uncertainty. GLD is rated Buy by Seeking Alpha, with strong momentum and liquidity. China's central bank is a key driver of gold's rally, with GLD gaining 6.67% in the past month and 65% year-to-date.
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