The SPDR Gold Trust ETF (GLD) directly correlates with the price of gold. Factors such as geopolitical tensions, central bank purchases, and speculation on US Federal Reserve policies typically drive gold prices higher, which in turn benefits GLD. The current situation in the Middle East, China's central bank's interest in gold, and the ongoing speculation about the US Federal Reserve's policies are all factors contributing to the rise in gold prices, thereby positively impacting GLD's performance in the short term.