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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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The U.S. private sector added 143,000 jobs in September, surpassing expectations and indicating a rebound in job creation. Pay growth slowed, suggesting a cooling labor market. The U.S. Dollar Index rose, while gold prices fell. U.S. equity futures declined, with SPY and QQQ closing lower on Tuesday.

Portfolio Pulse from Michael Cohen

October 02, 2024 | 12:30 pm

The market reacted to Iran's missile attack on Israel, Hurricane Helene, and port strikes, causing fluctuations in stock prices. The United States Oil Fund (USO) and SPDR Gold Trust (GLD) saw price increases, while major indexes like SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) experienced declines. Technology stocks were hit hardest, while defense and oil stocks rose.

Portfolio Pulse from Chris Katje

October 01, 2024 | 8:53 pm

Iran launched a missile attack on Israel, escalating Middle East tensions. This has led to a rise in oil and gold prices, while the S&P 500, Dow Jones, Nasdaq, and Bitcoin have fallen. The US is increasing its military presence in the region.

Portfolio Pulse from Chris Katje

October 01, 2024 | 5:51 pm

Gold and silver prices have increased following Iran's missile attack on Israel, leading to global uncertainty and boosting safe-haven assets.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 5:03 pm

The article discusses the impact of Powell's remarks on the stock market, highlighting aggressive buying following a dip. It mentions upcoming economic data releases and their potential market impact. The article also covers insider selling in Dell Technologies, positive money flows in certain tech stocks, and the implications of Japan's fiscal policies. Additionally, it provides investment strategies and insights into the traditional 60/40 portfolio.

Portfolio Pulse from The Arora Report

October 01, 2024 | 4:57 pm

The S&P 500 fell due to rising tensions between Iran and Israel and a dockworkers strike. Oil prices surged on reports of a potential Iranian attack on Israel. Gold and silver prices increased, while Bitcoin saw a decline.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:09 pm

Tensions in the Middle East have escalated with reports of a potential Iranian ballistic missile attack on Israel, leading to increased U.S. military presence in the region. This has caused market reactions, with oil and gold prices spiking and major U.S. stock indices declining.

Portfolio Pulse from Chris Katje

October 01, 2024 | 2:35 pm

Gold and silver prices are increasing as investors seek safe-haven assets due to potential geopolitical tensions following reports of a possible Iranian attack on Israel.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:10 pm

The Chinese stock market has experienced a significant rally, breaking a negative pattern with the CSI 300 index jumping 8.5%, the largest gain since 2008. This rally is driven by FOMO among foreign investors and a shift from Chinese Treasury bonds to stocks. Despite poor economic data, expectations are high for future growth due to government stimulus. The Arora Report has identified new buy zones for ETFs like ASHR, FXI, and ECON. Meanwhile, negative sentiment from Europe and poor guidance from automakers like Stellantis and Volkswagen are affecting US markets, with stocks like GM and Ford under pressure.

Portfolio Pulse from The Arora Report

September 30, 2024 | 3:27 pm

The article lists the top 10 trending stocks on WallStreetBets as of September 30, 2024, according to Swaggy Stocks. The stocks mentioned are AAPL, BABA, CCL, GLD, MADE, NIO, NVDA, RKLB, TSLA, and WAY.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:31 pm

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.