Streetbeat News

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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Gold and silver are trading lower due to a pullback following recent strength, as Treasury yields rise.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:18 pm

U.S. stock markets closed lower on July 18, with major indexes dropping and sectors like healthcare, consumer discretionary, and financials suffering the most. Energy stocks closed higher. Pre-market drops were seen in CrowdStrike and Microsoft due to a global Windows crash. Asian and European markets also declined, and commodities like gold and silver saw significant drops. The U.S. Dollar strengthened amid global market unease.

Portfolio Pulse from Akanksha Bakshi

July 19, 2024 | 11:01 am

The Heritage Foundation's Project 2025 proposes radical changes to U.S. monetary policy, including potentially abolishing the Federal Reserve and returning to the gold standard. These proposals have faced significant opposition from top economists. The SPDR Gold Trust (GLD) is mentioned as being near all-time highs.

Portfolio Pulse from Hayden Buckfire

July 18, 2024 | 7:05 pm

Global markets showed mixed results with U.S. stock markets closing mixed, Asia experiencing varied performance, and European markets advancing. The S&P 500 and Nasdaq fell sharply due to potential U.S. trade restrictions on China, while the Dow Jones Industrial Average rose. Commodities saw minor fluctuations, and the U.S. Dollar gained.

Portfolio Pulse from Akanksha Bakshi

July 18, 2024 | 10:36 am

The Dow Jones Industrial Average and gold hit all-time highs as investors anticipate a September rate cut by the Federal Reserve. Small caps, tracked by the iShares Russell 2000 ETF (IWM), outperformed tech stocks. Key movers include Bank of America (BAC), UnitedHealth Group (UNH), and Boeing (BA).

Portfolio Pulse from Piero Cingari

July 16, 2024 | 5:20 pm

Gold and silver are trading higher amid rate cut hopes following recent comments from Fed Chair Powell.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:18 pm

The article discusses a breakout in small caps, driven by the anticipation of rate cuts, with an 85% probability of a rate cut in September. It highlights notable earnings from Morgan Stanley and Bank of America, and positive money flows in major tech stocks and ETFs. The article also touches on Bitcoin's range-bound status and provides investment strategies for different risk preferences.

Portfolio Pulse from The Arora Report

July 16, 2024 | 2:05 pm

Multiple banks reported earnings, June retail sales beat estimates, and gold prices rose. This news impacts various sectors including banking, retail, and commodities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:49 pm

The Arora Report has issued a major macro call to reduce the duration of fixed income in portfolios following an assassination attempt on Trump. This call is contrary to Wall Street's consensus of increasing portfolio duration. The report also highlights the potential impact of a Trump presidency on various sectors and stocks, including AI, mergers and acquisitions, and heavily indebted companies. Additionally, significant money flows are observed in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

July 15, 2024 | 3:10 pm

U.S. stock markets closed higher with the S&P 500 and Dow hitting record highs. Major banks fell on mixed results, while Apple and Nvidia saw gains. June's PPI rose by 0.2%, and consumer sentiment fell to 66. All S&P 500 sectors closed higher, led by IT, consumer discretionary, and materials. Asian markets were mixed, and European markets dipped. Commodities saw minor changes, with gold holding above $2,410.

Portfolio Pulse from Akanksha Bakshi

July 15, 2024 | 10:23 am

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