Stock Track | SPDR Gold ETF Soars 6.85% Intraday as Gold Rebounds on Bargain-Hunting and Institutional Bullishness-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | SPDR Gold ETF Soars 6.85% Intraday as Gold Rebounds on Bargain-Hunting and Institutional Bullishness

Stock Track02-04

The SPDR Gold ETF (GLD) soared 6.85% during intraday trading on Tuesday, marking a sharp rebound for the precious metal fund after a period of extreme volatility in the gold market.

The surge was driven by strong bargain-hunting activity as investors sought to capitalize on lower prices following a historic sell-off. Major financial institutions including JPMorgan and Deutsche Bank have recommended buying the dips, maintaining their bullish outlooks on gold and viewing the recent pullback as a technical correction within a longer-term uptrend.

Additional factors supporting the rebound include safe-haven demand amid warnings about geopolitical tensions and potential "capital wars," as well as exchange interventions that adjusted price limits for gold futures contracts. Underlying demand fundamentals for gold remain robust, with continued institutional confidence in gold's role as a portfolio diversifier and hedge against uncertainty.

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