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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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U.S. stock markets closed higher on Thursday, led by the Nasdaq, after strong July retail sales data. Nine of the 11 major S&P 500 sectors advanced. Asian markets also saw gains, with Japan's Nikkei 225 up 3.88%. European markets opened mixed, and crude oil prices fell by 2%. Gold remained near record highs.

Portfolio Pulse from Akanksha Bakshi

August 16, 2024 | 10:59 am

Three new pieces of data—Walmart earnings, jobless claims, and retail sales—have triggered aggressive buying in NVIDIA Corp (NVDA) and AI stocks. Walmart's strong earnings and positive retail sales data indicate a robust consumer economy, while lower jobless claims suggest economic strength. This has led to positive money flows in major tech stocks and ETFs, including NVDA, AAPL, AMZN, GOOG, META, MSFT, TSLA, SPY, and QQQ.

Portfolio Pulse from The Arora Report

August 15, 2024 | 7:32 pm

U.S. stock markets closed higher on August 14th, with the S&P 500 extending its winning streak to five sessions, supported by lower-than-expected inflation data. The Dow Jones Industrial Average and Nasdaq Composite also saw gains. Asian markets mostly rose, while European markets were mixed. Commodities like oil and gold saw price increases.

Portfolio Pulse from Akanksha Bakshi

August 15, 2024 | 10:54 am

The article discusses the impact of recent CPI data on the stock market, highlighting aggressive buying in Nvidia (NVDA) ahead of its earnings report. It also mentions the U.S. government's potential breakup of Alphabet (GOOG) and early trade money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

August 14, 2024 | 2:21 pm

U.S. stock markets rose to a nearly two-week high due to softer producer prices, increasing expectations of a Federal Reserve rate cut in September. Key consumer price data and retail sales figures are now in focus. The S&P 500 saw gains in communication services, tech, and consumer discretionary sectors, while energy stocks fell. The Dow Jones, S&P 500, and Nasdaq Composite all closed higher. Asian markets showed mixed results, with Japan and Australia rising, while China and Hong Kong declined. European markets and commodities like gold and crude oil also saw gains.

Portfolio Pulse from Akanksha Bakshi

August 14, 2024 | 11:16 am

Gold prices are soaring due to geopolitical concerns, and investors can profit from this trend without owning physical gold by investing in the SPDR Gold Shares (NASDAQ: GLD) ETF. The ETF is currently testing resistance around $218, and a breakout could lead to new all-time highs.

Portfolio Pulse from Mark Putrino

August 13, 2024 | 8:23 pm

Israeli Prime Minister Benjamin Netanyahu faces criticism for preventing a cease-fire with Hamas to maintain political support, while tensions with Iran escalate. The humanitarian situation in Gaza worsens, with thousands of displaced Palestinians lacking basic necessities. ETFs such as SPDR S&P 500 ETF Trust (SPY), SPDR Gold Shares (GLD), and United States Oil Fund (USO) show mixed performance amid the ongoing conflict.

Portfolio Pulse from Anthony Noto

August 13, 2024 | 7:31 pm

The article discusses the misleading nature of inflation headlines and highlights Home Depot's earnings as an indicator of consumer weakness. It also mentions the performance of major tech stocks and ETFs, and provides investment advice on protection bands and bond allocations.

Portfolio Pulse from The Arora Report

August 13, 2024 | 3:09 pm

A lower-than-expected Producer Price Index (PPI) report has led to increased bullish sentiment in premarket trading, with traders boosting bets on a larger Federal Reserve interest rate cut next month. Key ETFs like SPY, QQQ, IWM, and TLT saw gains, while GLD experienced a slight dip.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 1:30 pm

Global markets showed mixed performance with Japan's Nikkei 225 soaring by 3.37%, while U.S. markets closed mixed. The Dow fell, S&P 500 was flat, and Nasdaq gained. Key economic data on U.S. consumer prices is awaited. Gold hit an all-time high of $2,500 before slightly declining.

Portfolio Pulse from Akanksha Bakshi

August 13, 2024 | 10:19 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.