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GLD

SPDR Gold Shares

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

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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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The Federal Reserve has reduced the key overnight interest rate by 50 basis points. This move is likely to impact various financial markets, including equities and commodities.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:00 pm

The article discusses the potential impact of the Federal Reserve's upcoming interest rate decision, with Wall Street expecting a 50 basis point cut and dovish comments. The SPDR S&P 500 ETF Trust (SPY) is highlighted as being near a resistance zone, with mixed signals from market indicators. Positive money flows are noted in major tech stocks and ETFs like SPY and QQQ. The article also touches on housing starts, Bitcoin, and investment strategies in light of potential Fed actions.

Portfolio Pulse from The Arora Report

September 18, 2024 | 5:18 pm

U.S. markets closed mixed with strong economic data, as investors anticipate the Federal Reserve's rate cut. Most S&P 500 sectors rose, while healthcare and consumer staples fell. Asian markets mostly gained, while European markets were mixed. Commodities saw a decline in oil prices, while gold rose. The U.S. dollar softened slightly.

Portfolio Pulse from Akanksha Bakshi

September 18, 2024 | 10:35 am

Investors are preparing for the Federal Reserve's anticipated interest rate cut by shifting their portfolios towards ETFs that benefit from lower rates. Notable ETFs with significant inflows include iShares MSCI EAFE Value ETF, SPDR Portfolio S&P 500 Value ETF, SPDR Gold Shares, and VanEck Semiconductor ETF. The market is divided on whether the Fed will cut rates by 25 or 50 basis points, with JPMorgan Chase & Co. predicting a larger cut.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 7:39 pm

Gold ETFs, including SPDR Gold Trust (GLD) and iShares Gold Trust (IAU), are gaining momentum as the U.S. Federal Reserve considers an aggressive rate cut. The weakening dollar and geopolitical tensions are driving demand for gold as a safe haven. Gold miner ETFs like VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) are also seeing significant gains. However, a smaller-than-expected rate cut or strong economic data could temper gold's rally.

Portfolio Pulse from Surbhi Jain

September 17, 2024 | 6:47 pm

Microsoft announced a $60B stock buyback, a 10% dividend increase, and new AI features in Office 365. Amazon is requiring workers to return to the office. Retail sales data does not support a 50 bps rate cut. Positive money flows are seen in major tech stocks and ETFs. Trump's crypto project details are boosting Bitcoin.

Portfolio Pulse from The Arora Report

September 17, 2024 | 2:27 pm

Goldman Sachs maintains a bullish outlook on gold, expecting a price target of $2,700/oz by early 2025, driven by central bank demand and potential Fed rate cuts. Conversely, the bank has downgraded its iron ore forecast due to oversupply concerns, despite stabilizing demand from China.

Portfolio Pulse from Stjepan Kalinic

September 17, 2024 | 11:53 am

U.S. markets closed mixed with the S&P 500 slightly up and the Nasdaq down due to tech stock declines. Apple fell on weak iPhone 16 demand, affecting chipmakers like Nvidia, Broadcom, and Micron. The NY Empire State Manufacturing Index rose significantly. Most S&P 500 sectors gained, except for IT and consumer discretionary. Asian markets were mixed, with Japan's Nikkei down and Hong Kong's Hang Seng up. European markets advanced, and crude oil prices steadied amid U.S. production concerns. Gold held above $2,600.

Portfolio Pulse from Akanksha Bakshi

September 17, 2024 | 10:47 am

The article discusses the potential of silver, particularly through the iShares Silver Trust (SLV), as a new AI play due to its use in electronics and solar cells. It also highlights the impact of Federal Reserve decisions on silver prices and mentions various US-listed companies and ETFs, including First Solar (FSLR), Apple (AAPL), and others, with a focus on market trends and money flows.

Portfolio Pulse from The Arora Report

September 16, 2024 | 3:05 pm

U.S. markets closed higher on September 13th, driven by optimism for a potential 50-basis point interest rate cut by the Federal Reserve. All S&P 500 sectors rose, with small-cap stocks outperforming. The Dow, S&P 500, and Nasdaq all saw gains. Meanwhile, the U.S. dollar weakened, and gold reached a new high.

Portfolio Pulse from Akanksha Bakshi

September 16, 2024 | 10:58 am

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