Well, it's not just a chunk of metal. Presumably the Shield has some sort ablative armor similar to standard armor, modular armor, ferro-fibrous, etc. Otherwise the rounds would punch through and shatter the shield effortlessly, especially w.r.t. gauss rifles.
I don't remember the tech level of standard armor, but I think it's like C or D. Ferro-Fibrous and its variants are either level D or E.