Gold climbed to its highest intraday level since the end of October, with traders monitoring the outlook for the global economy as US President Donald Trump continued sketching out his views on trade and immigration policies.

The January 16, 2026, $260 GLD calls are currently priced at $1,705 per contract. That option would have a theoretical value of $2,800 if the price of GLD shares trades to the $280 price target within the next 180 days (6 months).

The newly elected president has not provided any specific details about the universal tariffs or extra surcharges on key trade partners.