GLD shares signal a technical downturn after a three-month decline not seen since 2013, analysts note.
Gold exchange-traded funds (GLD) recorded their steepest three-month decline in over a decade, according to market analysis. The drop coincides with the emergence of a ‘dark cross’ pattern, a technical indicator previously flagged as a potential bubble signal late last year.
The last comparable quarterly loss for gold shares occurred in 2013, amid a broader commodities downturn. Analysts had warned of overvaluation in the sector, with momentum indicators suggesting a shift in investor sentiment.
No immediate market reaction was detailed in the analysis, though the pattern typically precedes further volatility in precious metals.