Gold's recover hits a wall as US manufacturing heats up
Published . Updated .
(Kitco News) - The gold market is seeing a solid start to the week; however, strong activity in the manufacturing sector, coupled with persistent inflation, highlights ongoing risks for the precious…
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares-3.3% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-10.4% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- TIP iShares TIPS Bond ETF-0.5% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- NEM Newmont-13.4% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- AEM Agnico Eagle Mines-7.6% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- WPM Wheaton Precious Metals-21.1% 30d
Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- GOLD Gold.com-16.0% 30d
Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- WMT Walmart+14.9% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GLD | +3.38% | +4.98% | base | +1.53% | after close | after close | after close |
| GDX | +5.10% | +8.91% | base | +2.69% | after close | after close | after close |
| TIPNo price data for this ticker | — | — | — | — | — | — | — |
| NEM | +3.55% | +6.88% | base | +2.38% | after close | after close | after close |
| AEM | +6.32% | +10.78% | base | +3.10% | after close | after close | after close |
| WPM | +5.07% | +8.49% | base | +2.29% | after close | after close | after close |
| GOLD | +1.54% | +2.92% | base | +5.80% | after close | after close | after close |
| WMTNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Gold's recover hits a wall as US manufacturing heats up Kitco
Source: Kitco
Price since this story was published: Spdr Gold Trust (GLD)
| Company | When | Move | Status |
|---|---|---|---|
| Agnico Eagle Mines (AEM) | that day | +3.10% | final price |
| Agnico Eagle Mines (AEM) | three days earlier | +10.78% | final price |
| Agnico Eagle Mines (AEM) | five days earlier | +6.32% | final price |
| Vaneck Etf Trust (GDX) | that day | +2.69% | final price |
| Vaneck Etf Trust (GDX) | three days earlier | +8.91% | final price |
| Vaneck Etf Trust (GDX) | five days earlier | +5.10% | final price |
| Spdr Gold Trust (GLD) | that day | +1.53% | final price |
| Spdr Gold Trust (GLD) | three days earlier | +4.98% | final price |
| Spdr Gold Trust (GLD) | five days earlier | +3.38% | final price |
| Gold.com (GOLD) | that day | +5.80% | final price |
| Gold.com (GOLD) | three days earlier | +2.92% | final price |
| Gold.com (GOLD) | five days earlier | +1.54% | final price |
| Newmont (NEM) | that day | +2.38% | final price |
| Newmont (NEM) | three days earlier | +6.88% | final price |
| Newmont (NEM) | five days earlier | +3.55% | final price |
| Wheaton Precious Metals (WPM) | that day | +2.29% | final price |
| Wheaton Precious Metals (WPM) | three days earlier | +8.49% | final price |
| Wheaton Precious Metals (WPM) | five days earlier | +5.07% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Wheaton Precious Metals (WPM), worth $1,001 - $15,000 on 26 Aug 2026. That is 68 days before publication. Filed 10 Sep 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 31 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 35 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 38 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Gold Trust (GLD)
Companies carried with this story
- GLD Spdr Gold Trust
For “Gold's recover hits a wall as US manufacturing heats up,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
For “Gold's recover hits a wall as US manufacturing heats up,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- NEM Newmont
For “Gold's recover hits a wall as US manufacturing heats up,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- AEM Agnico Eagle Mines
In “Gold's recover hits a wall as US manufacturing heats up,” Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence. Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- WPM Wheaton Precious Metals
Wheaton Precious Metals (WPM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Gold's recover hits a wall as US manufacturing heats up.” Reason on file: Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- GOLD Gold.com
Gold.com (GOLD) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Gold's recover hits a wall as US manufacturing heats up.” Reason on file: Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
How “Gold's recover hits a wall as US manufacturing heats up” reaches Spdr Gold Trust (GLD)
On 2 Nov 2026, “Gold's recover hits a wall as US manufacturing heats up” is the story that connects Spdr Gold Trust (GLD) to this story.
Spdr Gold Trust (GLD) is on the page because SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
A second company, Vaneck Etf Trust (GDX), is listed for a different reason: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
The price range for Spdr Gold Trust (GLD), and the dates in the story
GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 400.78 across 20 sessions. The latest close on file is 379.67. NEM traded between 104.52 and 120.03 across 20 sessions. The latest close on file is 106.60.
What the saved facts support for Spdr Gold Trust (GLD)
46 out of 100
“Gold's recover hits a wall as US manufacturing heats up” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.