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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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Global markets experienced mixed performance with U.S. stocks closing in red due to rising Treasury yields and uncertainty over Federal Reserve interest rate cuts. Asian markets also saw declines, while European markets showed slight gains. Crude oil prices fell below $80 again.

Portfolio Pulse from Akanksha Bakshi

May 30, 2024 | 10:42 am

Gold prices are declining as the US dollar strengthens and Treasury yields increase.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:00 pm

The stock market is under pressure due to soft Treasury auctions and potential rate hikes. Money flows are neutral in NVIDIA and Apple, but negative in Amazon, Alphabet, Meta, Microsoft, Tesla, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust. The momo crowd is buying oil and selling gold, while smart money is inactive. Bitcoin may see a significant drop due to potential Mt. Gox-related sales.

Portfolio Pulse from The Arora Report

May 29, 2024 | 2:42 pm

U.S. stock markets closed higher on Friday, driven by positive economic data and Nvidia's strong earnings. The Nasdaq marked its fifth consecutive weekly increase. In contrast, Asian and European markets dipped, while crude oil prices advanced towards $80 per barrel.

Portfolio Pulse from Akanksha Bakshi

May 28, 2024 | 10:40 am

Nvidia reported strong Q1 earnings, surpassing consensus estimates and aligning with whisper numbers. The company announced a 10-for-1 stock split and highlighted future revenue from AI factories and sovereigns. Other AI-related stocks also saw positive movement. The Arora Report raised its long-term target for Nvidia and issued a new Buy Now rating.

Portfolio Pulse from The Arora Report

May 23, 2024 | 4:26 pm

US business activity surged in May, with the fastest expansion in over two years, driven by both the services and manufacturing sectors. However, rising input costs raise concerns about achieving the Fed's 2% inflation target. Market reactions included declines in stocks and gold, and higher Treasury yields.

Portfolio Pulse from Piero Cingari

May 23, 2024 | 3:26 pm

U.S. stock markets closed lower due to disappointing inflation data and prolonged disinflation expectations. U.S. existing home sales declined by 1.9% in April. The Fed minutes revealed concerns about persistent inflation and potential further policy tightening. Most S&P 500 sectors fell, with utilities, energy, and materials suffering the most. In Asia, Japan's Nikkei 225 gained, while Australia's S&P/ASX 200 and China's Shanghai Composite fell. European markets saw modest gains. Commodities saw mixed movements, with gold retreating from record highs.

Portfolio Pulse from Akanksha Bakshi

May 23, 2024 | 10:33 am

Nvidia's upcoming earnings report is crucial for the AI sector and the broader stock market. Analog Devices reported better-than-expected earnings, while Target missed expectations. Early trade shows mixed money flows among major tech stocks and ETFs. UK inflation data disappointed, affecting market sentiment.

Portfolio Pulse from The Arora Report

May 22, 2024 | 4:07 pm

Prominent economists Mohamed El-Erian and Peter Schiff highlight the ongoing strength and market momentum of gold, with El-Erian noting the significant expansion of the commodity rally and Schiff advising investors to hold onto their gold and silver assets. The price of gold has recently hit a new record high of $2,450 per ounce, driven by expectations of a potential interest rate cut by the U.S. Federal Reserve.

Portfolio Pulse from Kaustubh Bagalkote

May 22, 2024 | 2:43 am

The article discusses the recent investor day at JPMorgan Chase & Co (JPM) and CEO Jamie Dimon's comments on the stock's overvaluation, leading to a sell-off by smart money. It also covers earnings reports from Lowe's (LOW), Macy's (M), and Palo Alto Networks (PANW), as well as early trade money flows in major tech stocks and ETFs. Additionally, it touches on gold, oil, and bitcoin market activities.

Portfolio Pulse from The Arora Report

May 21, 2024 | 2:34 pm

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