Gold Rallies, But New Data Shows It May No Longer Protect You - SPDR Gold Shares (ARCA:GLD), iShares Gold
Gold prices rose more than 2% intraday and are testing resistance near $4,200, after a July consolidation, according to the article. It cites Goldman Sachs research that conditions improved after the Fed meeting but gold may not be fully out of risk. A University of Cape Town study says gold’s safe-haven and hedging role weakened post-COVID versus U.S. sectors.






