With real yields edging lower, SGOL stock price may see further upside as the opportunity cost of holding gold decreases. Fed rate path speculation remains a near-term catalyst for price moves. Also, a weaker dollar makes gold, which is priced in U.S. dollars, more affordable for overseas buyers, thereby increasing its demand. To this end, it is worth noting that the value of the U.S. dollar against other currencies fell about 11% in the first half of 2025, the biggest decline in more than 50 years, as stated in a Morgan Stanley report. Keeping up with this trend, the U.S. dollar index declined for the fourth straight session on Oct. 1 (as per Trading Economics data). The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. The SPY was up 0.18% at $650.30, while the QQQ advanced 0.55% to $578.40, according to Benzinga Pro data. The current SGOL stock price is hovering around $21.64, showing mild intraday volatility of about 0.35%. With investors eyeing gold as a hedge against rising inflation, SGOL continues to reflect spot gold price movements closely, making it a favored pick for risk-averse portfolios.