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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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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

The Arora Report suggests that the 40-year bull market in bonds and stocks has ended due to the end of four megatrends. Fed Chair Powell and President Biden confirmed the end of two of these megatrends. The report also mentions positive early trade money flows in Meta Platforms Inc and Microsoft Corp, and negative flows in Apple Inc, Amazon.com, Inc., Alphabet Inc Class C, NVIDIA Corp, Tesla Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1. The report also mentions buying trends in gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

October 20, 2023 | 3:36 pm

The ongoing conflict between Israel and Hamas has led to a 0.4% decline in the Israeli shekel and a 1.8% decrease in Israeli stocks as tracked by the iShares MSCI Israel ETF (NYSE:EIS). Gold, as measured by the SPDR Gold Trust (NYSE:GLD), continued its positive trend, trading at $1,975 per ounce. European stocks, particularly Germany’s DAX Index, which is tracked by the iShares MSCI Germany ETF (NYSE:EWG), were nearly 1% down.

Portfolio Pulse from Piero Cingari

October 20, 2023 | 1:47 pm

The article lists the top 10 trending stocks on WallStreetBets as of October 20, 2023. The stocks mentioned are Tesla (TSLA), Teucrium Corn Fund (CORN), NVIDIA Corporation (NVDA), Netflix (NFLX), iShares 20+ Year Treasury Bond ETF (TLT), SPDR Gold Shares (GLD), Spotify Technology (SPOT), Apple Inc. (AAPL), Invesco QQQ Trust (QQQ), and Wendy's Company (WEN).

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:17 pm

The market sentiment remains negative due to mixed earnings and rate worries. Crude oil continues to rise, questioning the U.S. government's decision to buy oil. The Nasdaq Composite and the S&P 500 indices closed lower for the third straight session. Netflix shares rallied following its quarterly results. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF slipped in premarket trading. Stocks of Knight-Swift Transportation soared following their quarterly results, while SolarEdge Technologies plunged after warning of a Q3 shortfall.

Portfolio Pulse from Shanthi Rexaline

October 20, 2023 | 11:26 am

Global markets are showing signs of pessimism with Asia and Europe markets dipping, crude oil prices touching $90, and gold hovering near $2,000. The U.S. stock markets ended lower on October 19 due to rising treasury yields. The Dow Jones, S&P 500, and Nasdaq Composite all declined. Asian markets also closed lower, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index all experiencing declines. European markets were also down, with the STOXX 600, DAX, CAC, and FTSE 100 all trading lower.

Portfolio Pulse from Akanksha Bakshi

October 20, 2023 | 11:09 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.