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GLD

SPDR Gold Shares

https://www.spdrgoldshares.com/usa/

Industry

Asset Management

The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.

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Investors are aggressively buying semiconductors ahead of Nvidia's earnings, despite technical indicators suggesting overbought conditions. Money flows are positive in major tech stocks like Apple, Amazon, and Nvidia. The U.S. payroll revision and dovish FOMC minutes suggest potential rate cuts, influencing market sentiment.

Portfolio Pulse from The Arora Report

August 22, 2024 | 3:07 pm

U.S. stocks closed higher as investors anticipate a September rate cut following FOMC minutes. Consumer discretionary stocks led gains, while financials and energy lagged. Asian markets showed mixed results, with Japan's Nikkei 225 and Hong Kong's Hang Seng rising. European markets advanced slightly, and commodities showed varied movements. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

August 22, 2024 | 11:05 am

The U.S. labor market's job gains were revised down by 818,000, affecting market expectations for Fed rate cuts. This led to a fall in the U.S. dollar and mixed reactions in ETFs, with utilities and gold miners rallying, while financials and oil declined.

Portfolio Pulse from Piero Cingari

August 21, 2024 | 3:58 pm

The article discusses the resilience of the U.S. consumer, highlighting Target's strong earnings and increased guidance, while Macy's underperforms. Nvidia's stock momentum has paused, and upcoming jobs data may impact markets. Money flows are positive for several tech giants, while mixed for major ETFs.

Portfolio Pulse from The Arora Report

August 21, 2024 | 3:46 pm

U.S. stock markets closed lower, breaking an eight-day winning streak, with energy stocks declining and consumer staples gaining. Eli Lilly's shares rose due to positive drug results, while Palo Alto Networks saw a significant jump on strong forecasts. Boeing fell after an FAA directive. Asian markets were mixed, and European markets advanced. Commodities showed varied movements, with gold near all-time highs.

Portfolio Pulse from Akanksha Bakshi

August 21, 2024 | 11:37 am

Gold prices have surged past $2,500 per troy ounce, pushing the value of a 400-troy-ounce gold bar to $1 million. This increase is driven by expectations of Federal Reserve interest rate cuts and a weakening U.S. dollar. The SPDR Gold Trust (GLD) and Invesco DB USD Index Bullish Fund ETF (UUP) illustrate the inverse relationship between the dollar and gold prices. Retailers like Costco, Amazon, and Walmart are making gold more accessible to individual investors.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 5:09 pm

The stock market is currently overbought, driven by Nvidia's upcoming earnings and expectations from the Jackson Hole meeting. Nvidia's stock is particularly overbought, with its RSI indicating a potential resistance zone. Money flows are positive for Alphabet and Tesla, neutral for Apple, Amazon, Meta, Microsoft, and Nvidia, and negative for SPY and QQQ ETFs. Investors are advised to be cautious and consider protection strategies.

Portfolio Pulse from The Arora Report

August 20, 2024 | 3:34 pm

The stock market has rebounded to a resistance zone, with the SPDR S&P 500 ETF Trust (SPY) showing signs of being overbought. AMD is acquiring ZT Systems to enhance its AI strategy, but this move is unlikely to significantly impact Nvidia's market share. General Motors plans to cut 1,000 software jobs, while Cisco announced 4,000 job cuts. Money flows are positive in several major tech stocks, including Nvidia, Apple, and Amazon.

Portfolio Pulse from The Arora Report

August 19, 2024 | 5:29 pm

On August 16th, U.S. stock markets closed higher with the S&P 500 and Nasdaq achieving their seventh consecutive session of gains. Positive economic indicators and optimism about potential Federal Reserve rate cuts lifted investor sentiment. Most S&P 500 sectors closed higher, led by financials, tech, and utilities. Asian markets showed mixed results, with Japan's Nikkei 225 closing lower while other major indices in the region rose. European markets opened in the green, and commodities saw varied movements with gold hitting a new high. The U.S. dollar weakened amid expectations of dovish signals from the Federal Reserve.

Portfolio Pulse from Akanksha Bakshi

August 19, 2024 | 10:54 am

Gold prices hit an all-time high of $2,500 per ounce due to a weakening U.S. dollar and declining Treasury yields. This surge is driven by expectations of Federal Reserve rate cuts. Gold ETFs, including SPDR Gold Trust (GLD), saw strong inflows in July. Gold mining stocks, such as those in the VanEck Gold Miners ETF (GDX), also performed well.

Portfolio Pulse from Piero Cingari

August 16, 2024 | 2:59 pm

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