The SPDR Gold Shares ETF (NYSEMKT: GLD) has gained 25% year to date, outperforming Palantir Technologies (down 12%) and Nvidia (up 3%). Over the past six months, the gold fund has outperformed both AI stocks by at least 50 percentage points. Additionally, it exceeded the S&P 500 (^GSPC) by 23 percentage points year to date and 52 percentage points over the last six months.
Notable hedge fund managers Israel Englander of Millennium Management and Ken Griffin of Citadel Advisors added 104,900 and 255,100 shares of the SPDR Gold Shares ETF, respectively, as of September 2025. This ETF now represents less than 1% of Englander’s portfolio and is Griffin’s fourth-largest holding.
Projected gold prices for 2026 vary, with several financial institutions estimating it will reach between $4,700 and $6,000 per ounce. The median target stands at $5,400, indicating no immediate expected price changes. The recent geopolitical tensions and economic uncertainties have led analysts to believe demand for gold may continue to rise.
