Macro data feeding into the GLD stock forecast includes slowing U.S. manufacturing PMI, which often precedes stronger commodity bids as equity markets cool. As I mentioned in my recent piece, “Cracking the Code: 5 Reasons a Choppy Market Looms,” the smooth sailing bull market that investors have enjoyed in recent months may get more challenging to navigate due to factors such as geopolitical escalations, muddled Fed policy, and historical seasonality trend. “This could spark another rally in gold prices if trade tensions escalate. I have a feeling that the existing tariffs will gradually push prices up, which might lead the Fed to hold off on cutting rates. In the grand scheme of things, higher inflation is likely to boost gold demand, especially from central banks,” Kandoshko said. Chartists underline GLD stock forecast resistance at $224, noting that a close above could trigger algorithmic breakout trades.