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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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On Monday, October 23, the U.S. stock markets closed mixed with Nasdaq ending a four-day losing streak and Dow Jones Industrial Average declining by 0.58%. Asian markets closed higher on Tuesday, led by gains in various sectors. European markets were mixed, with the STOXX 600 index up 0.24%. Commodities saw Crude Oil WTI trading higher by 0.60% at $86.00/bbl, while Gold was trading lower by 0.48% at $1,978.25. US futures were up with Dow futures gaining 0.34%.

Portfolio Pulse from Akanksha Bakshi

October 24, 2023 | 10:43 am

A screening of large-cap ETFs revealed that SPDR S&P 500 ETF Trust (SPY) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) had the largest positive returns, adding $502.21 million and $490.03 million in net assets respectively. On the other hand, iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and SPDR Gold Shares (GLD) lost $1.01 billion and $871.39 million in net assets respectively. Despite a 3% increase in the spot price of gold, GLD lost close to a billion in AUM.

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:27 am

Large-cap ETFs have seen significant changes in net assets over the past week. Winners include VanEck Gold Miners ETF (GDX) and SPDR Gold Shares (GLD), both of which have seen increases due to the rise in gold prices. Losers include Consumer Discretionary Select Sector SPDR Fund (XLY) and iShares 20+ Year Treasury Bond ETF (TLT), both of which have seen decreases.

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:26 am

The Arora Report suggests that gold may break above the resistance zone, with significant buying likely coming from Asia. The 10-year Treasury yields are near 5%, causing volatility as Wall Street machines sell stocks on yields above 5% and buy on yields below 5%. 30% of S&P 500 earnings are this week, with key earnings from Microsoft, Alphabet, Meta Platforms, and Amazon. Early trade money flows are positive in Meta, NVIDIA, and Microsoft, but negative in Amazon, Alphabet, Tesla, and Apple. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Bitcoin is above $30,000 as excitement builds on a potential spot bitcoin ETF.

Portfolio Pulse from The Arora Report

October 23, 2023 | 3:19 pm

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:19 pm

The ongoing conflict between Israel and Hamas has led to a stabilization of the Israeli shekel after 10 consecutive sessions of losses, and a 14% drop in the iShares MSCI Israel ETF (EIS) since the conflict began. The SPDR Gold Trust (GLD) held steady at $1,980 per ounce despite another round of selloffs in U.S. Treasuries.

Portfolio Pulse from Piero Cingari

October 23, 2023 | 12:57 pm

On Friday, October 20, U.S. stock markets closed in red due to concerns about potential interest rate increases and the Israel-Hamas conflict. All S&P 500 sectors experienced declines, with technology and financials leading the downturn. Asian and European markets also slid on Monday. Commodities were trading lower, with Crude Oil WTI down by 0.41% and Gold down by 0.83%. U.S. Dollar Index was up 0.06%.

Portfolio Pulse from Akanksha Bakshi

October 23, 2023 | 11:00 am

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', commented on the recent pullback in gold and silver prices, advocating for a 'Dollar Cost Averaging' investment strategy. He revealed that he has been accumulating gold, silver, Bitcoin, and real estate for years. The iShares Gold Trust (NYSE:IAU) edged up 0.05% to $37.49 in premarket trading on Monday, while the iShares Silver Trust (NYSE:SLV) fell 0.47% to $21.30.

Portfolio Pulse from Shanthi Rexaline

October 23, 2023 | 8:57 am

The market experienced volatility due to the escalating conflict between Israel and Hamas, remarks from Federal Reserve Chair Jerome Powell, and mixed earning reports from leading U.S. corporations. Rising bond yields pressured major stock indices, with SPY and QQQ down for the week. Tesla reported lower-than-expected Q3 results, causing its stock to decline. Netflix surpassed expectations with its Q3 report, resulting in double-digit gains for the week. Gold and gold mining stocks have performed well due to the conflict in Israel.

Portfolio Pulse from Piero Cingari

October 20, 2023 | 8:08 pm

Two American hostages were released by Hamas, amid escalating tensions. The release was facilitated through Qatari mediation, and the U.S. and European governments are pushing Israel to delay its Gaza ground invasion to give diplomacy an opportunity to free other hostages held by Hamas. The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), recorded a 0.9% decline, while the tech-focused Invesco QQQ Trust (NASDAQ:QQQ) saw a 1.1% decrease. Investors opted for safer assets, resulting in gains for both Treasuries and gold. The iShares 20+ Year Treasury ETF (NASDAQ:TLT) rose by 0.6%, and the SPDR Gold Trust (NYSE:GLD) showed a 0.4% increase.

Portfolio Pulse from Piero Cingari

October 20, 2023 | 7:33 pm

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