On Tuesday, the SPDR Gold Shares ETF (GLD) settled at $183.42, up $1.47 or +0.81%. While gold is ultimately expected to be supported by financial uncertainty, its prices could become more volatile over the coming weeks if inflation and US economic data remain elevated. Analysts predict that the Federal Reserve will prioritize bringing inflation back to target, resulting in cyclically weaker gold prices through the second half of 2023.