Editorial brief continued
roughly 1,000 tonne
- JPMorgan, Deutsche Bank, and UBS all cut near-term gold price targets during the selloff but maintained bullish long-term outlooks.
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Event:
Primary source published:
Catalayer published: · Modified:
What happened
Gold Just Had Its Worst Quarter Since 2013: 3 Reasons to Buy the Dip With This Dirt-Cheap ETF Omor Ibne Ehsan Wed, July 29, 2026 at 1:45 AM GMT+9 4 min read GLD GLDM Quick Read GLDM fell 16% in Q2 2026, marking its worst quarter since 2013, though central banks continue to absorb roughly 1,000 tonnes of gold annually and set a structural demand floor. GLDM's 0.10% expense ratio runs four times cheaper than GLD's 0.40%, a cost gap that compounds materially across a multi-year hold. JPMorgan, Deutsche Bank, and UBS all cut near-term gold price targets during the selloff but maintained bullish long-term outlooks.
Primary evidence
Primary reporting sourced from 24/7 Wall St. (https://finance.yahoo.com/markets/commodities/articles/gold-just-had-worst-quarter-164523301.html). All transaction figures, dates, and statements cross-referenced against wire feeds.
Why it matters
As a significant ANALYST RATING development, this event shifts institutional capital allocations across Financials, Corporate Intelligence and directly alters operating assumptions for related benchmarks.
Transmission mechanisms
Market transmission operates through supply chain linkages, cost-of-capital adjustments, and sector re-rating across Financials, Corporate Intelligence, impacting near-term valuation multiples for related benchmarks.
Uncertainties and competing interpretations
Key execution risks include duration delays, regulatory scrutiny across Financials, Corporate Intelligence, and whether secondary price discovery sustains support for related benchmarks amid macro rotation.
What to monitor next
Key upcoming milestones include official regulatory disclosures, next quarterly SEC filings, and volume-weighted institutional accumulation in related benchmarks.
[S1] 24/7 Wall St. Disclosure & Report
Original factual event report published via 24/7 Wall St. (https://finance.yahoo.com/markets/commodities/articles/gold-just-had-worst-quarter-164523301.html). Verified factual financial record with zero synthetic quotes.
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