Robertson Stephens Wealth Management LLC reduced its SPDR Gold Shares (GLD) stake by 2.8% in the third quarter, selling 2,553 shares and holding 89,846 shares worth about $34,217,000, or roughly 0.8% of its portfolio. GLD opened at $382.01 on Friday as gold recovered from a selloff on falling Treasury yields and a softer dollar, though hot U.S. inflation data (September CPI at 3.7% and PPI rising 6.3%) kept December Fed tightening expectations alive. Gold has held a roughly $4,000 demand zone, but it faces resistance at $4,200–$4,226. The article also notes that China's central bank added 23 tonnes to its reserves, which may support prices over the longer term.
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