Strategist names the only asset to benefit from gold’s rising prices

Gold’s record-setting surge in 2025 may be signaling a shifting tide across global markets, one that favors the ￰0￱ bonds over ￰1￱ to Bloomberg Intelligence senior commodity strategist Mike McGlone, the improving performance of long-term Treasuries, represented by the iShares 20+ Year Treasury Bond ETF (TLT), could be a direct beneficiary of gold’s strength, he said in an X post on October ￰2￱ this end, Bloomberg Intelligence data shows TLT steadily appreciating through 2025, while the SPDR S&P 500 ETF Trust (SPY) has struggled to sustain ￰3￱ price chart.