Gold ETF Sees Opportunity Amid Inflation Fears

The US Consumer Price Index (CPI) is currently at 3.5%, which is well above the Federal Reserve's target of 2%. This has led to speculation that the Fed may hike interest rates, potentially reversing gold's most bullish catalyst.

The SPDR Gold Shares ETF (GLD), which tracks the returns of physical gold, saw a 64% increase in value last year but has lost around a quarter of its peak value over the past few months.

Gold is often seen as a safe-haven asset and can appreciate with inflation. With the CPI at 3.5%, it may be a good time to buy the SPDR Gold Shares ETF, especially considering that gold's limited supply makes it an attractive asset for long-term storage.