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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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U.S. markets closed higher with the Dow reaching a record high, driven by a strong jobs report. Most S&P 500 sectors gained, while real estate and utilities fell. Crude oil prices rose by 2.5%. Asian markets showed mixed results, and European markets were mostly stable. U.S. futures indicated a decline.

Portfolio Pulse from Akanksha Bakshi

October 07, 2024 | 10:56 am

The recent jobs report exceeded expectations, leading to a stock market rally and aggressive buying in AI stocks. The report challenges the Fed's recent interest rate cut, suggesting no labor weakness. Positive money flows are observed in major tech stocks and ETFs like SPY and QQQ.

Portfolio Pulse from The Arora Report

October 04, 2024 | 4:05 pm

U.S. markets closed lower due to concerns over the September payrolls report and rising oil prices amid Middle East tensions. Jobless claims increased slightly, and most S&P 500 sectors saw losses, except for energy and IT. Asian markets were mixed, with Japan's Nikkei rising and Australia's ASX falling. European markets showed modest gains, while oil prices rose due to geopolitical concerns.

Portfolio Pulse from Akanksha Bakshi

October 04, 2024 | 10:57 am

The article discusses the current market dynamics, highlighting the cognitive dissonance among investors who are buying both stocks and bonds. It mentions the high demand for Nvidia chips, the geopolitical tensions involving Israel and Iran, and the impact of these factors on various ETFs and stocks. The article also provides insights into money flows in major tech stocks and ETFs, and advises on investment strategies considering the current economic and geopolitical climate.

Portfolio Pulse from The Arora Report

October 03, 2024 | 3:39 pm

The U.S. services sector showed strong growth in September, with the Services PMI reaching 54.9%, its highest since February 2023. This raises questions about the Federal Reserve's upcoming rate cut decision. The S&P 500, Nasdaq 100, and long-dated Treasuries saw declines, while the U.S. dollar index rose.

Portfolio Pulse from Michael Cohen

October 03, 2024 | 2:54 pm

U.S. markets closed slightly higher with tech stocks gaining, driven by Nvidia, while Tesla shares fell. Middle East tensions and upcoming U.S. labor data kept investors cautious. Oil prices rose due to geopolitical concerns, impacting global markets.

Portfolio Pulse from Akanksha Bakshi

October 03, 2024 | 10:41 am

The recent missile attack by Iran on Israel has heightened geopolitical tensions, leading investors to consider gold as a safe haven. This conflict could drive up gold prices due to increased demand amid uncertainty. Gold ETFs like SPDR Gold Trust (GLD), iShares Gold Trust (IAU), and SPDR Gold MiniShares Trust (GLDM) are closely watched as potential beneficiaries.

Portfolio Pulse from Hayden Buckfire

October 02, 2024 | 7:58 pm

The geopolitical tensions between Israel and Iran have led to a risk-off sentiment in the markets, with concerns about oil supply disruptions. Major stock indices have slightly declined, while defense and oil-related ETFs have seen gains. The situation could impact inflation and central bank policies.

Portfolio Pulse from Anthony Noto

October 02, 2024 | 6:55 pm

The article discusses the potential investment opportunities in missile defense stocks, particularly highlighting RTX Corp (NYSE:RTX) due to its involvement in missile defense systems like the Iron Dome. The article also mentions the iShares US Aerospace & Defense ETF (BATS:ITA) as a recommended ETF for defense investments. Additionally, it touches on the strong employment data from Automatic Data Processing Inc (NASDAQ:ADP) and a buying stampede in Hong Kong stocks, with a focus on the iShares China Large-Cap ETF (NYSE:FXI).

Portfolio Pulse from The Arora Report

October 02, 2024 | 3:46 pm

The market summary highlights rising oil prices due to Israel-Iran tensions, leading to increased interest in safe haven assets like gold and the dollar. Nike's stock fell due to a revenue miss, while Tesla's stock declined following disappointing delivery and production figures.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 2:16 pm

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