SPDR Gold Trust ETF (GLD) - NYSEARCA
  • Dec. 2, 2015, 3:30 PM
    • There was a time when the Fed paid attention to commodity signals, and if the central bankers of today listened closely, they would be getting ready to ease policy, not hike rates.
    • Among the movers today as Fed speakers all but promise higher interest rates this month are oil - down 4.25% and briefly dipping below $40 per barrel, gold (GLD -1.4%), copper (JJC -1.4%), and natural gas (UNG -2.3%). Every one of the group is at multi-year lows.
    • Previously: Yellen sets the stage for rate hike (Dec. 2)
    • Previously: Lockhart: Ready to move in December (Dec. 2)
    • ETFs: DJP, GSG, RJI, GSP, GSC, DJCI, CMD, UCD
    | Dec. 2, 2015, 3:30 PM | 72 Comments
  • Dec. 1, 2015, 3:17 PM
    • Unsurprisingly, bearish short positions in gold jumped higher alongside the metal's 6.8% decline in November - that decline being the worst monthly performance for gold since an 11.1% plunge in June 2013.
    • Being short is a crowded trade for sure, but head derivatives strategist at Macro Advisors Pravit Chintawongvanich reminds the shorts loaded up in early 2013 ahead gold's subsequent 25% collapse.
    • Plotting a chart of shorts vs. the price of gold shows shorts are often right, even when many are crowded into the trade.
    • Gold is starting off December (barely) in the green, up 0.25% to $1,068 per ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Dec. 1, 2015, 3:17 PM | 32 Comments
  • Nov. 27, 2015, 2:15 PM
    | Nov. 27, 2015, 2:15 PM | 144 Comments
  • Nov. 27, 2015, 5:29 AM
    • Gold is hovering close to its lowest level in nearly six years, weakened by strength in the dollar, expectations of a U.S. rate hike next month and news of lower gold imports into China.
    • If the decline holds, the yellow metal will record its sixth consecutive week of losses, the longest such streak since August.
    • Bullion for immediate delivery -0.6% at $1,063.30.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, UBG, GYEN, QGLDX
    | Nov. 27, 2015, 5:29 AM | 19 Comments
  • Nov. 23, 2015, 5:28 AM
    • Crude continued to drop further on Monday, as part of a wider decline in commodity prices and renewed concerns of oversupply with OPEC likely to ramp up output at its next meeting on Dec. 4.
    • "Oil prices may drop to as low as the mid-$20s a barrel unless OPEC takes action to stabilize the market," Venezuelan Oil Minister Eulogio Del Pino declared.
    • The slump is also heavily biting into industrial and precious metals: Copper is now below $4,500 a metric ton for the first time since 2009, nickel lost more than 5% to its lowest level since 2003, zinc is down 4.2%, and gold is 0.7% lower at $1069 an ounce.
    • Crude futures -3% to $40.63/bbl.
    • ETFs: GLD, USO, OIL, IAU, UCO, PHYS, UWTI, SCO, SGOL, BNO, DBO, UGL, DWTI, DGP, GTU, GLL, JJC, DTO, UGLD, DZZ, USL, GLDI, COPX, OUNZ, CU, DGL, DNO, DGZ, DGLD, AGOL, JJN, OLO, SZO, GEUR, CPER, UBG, GYEN, OLEM, NINI, CUPM, QGLDX
    | Nov. 23, 2015, 5:28 AM | 33 Comments
  • Nov. 20, 2015, 10:41 AM
    • A Fed interest rate hike in December could knock back the price of gold to ~$1,000/oz., Gold Fields (GFI -3.1%) CEO Nick Holland tells Creamer Media after the company's share price soared 29% in Johannesburg for its best single day of trading since 1999.
    • The uncertainty around a rate increase has played havoc with the gold price in recent weeks, but Holland says long-term fundamentals for gold remain positive, based on projections of inadequate supply; “It doesn’t matter what we do now as an industry, a supply fall-off is inevitable," the CEO says.
    • "Is it three years of pain, four years, five years? We don’t know, but we’re in a long-term business and we can’t take decisions for one year,” Holland said after GFI reported improved Q3 earnings and higher net cash flow to cut net debt to 1.4x EBITDA.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, OUNZ, DGL, DGZ, DGLD, AGOL, UBG
    | Nov. 20, 2015, 10:41 AM | 22 Comments
  • Nov. 17, 2015, 12:24 PM
    • With equity investors back to the business of buying low and selling high, the Fed prepped for a rate hike, and dollar strength continuing, the gold bid is disappearing.
    • 1.5% decline today to $1,066 per ounce has brought the yellow metal to its lowest level in six years. GLD -1.4%
    • Gold is lower by 18% since an early 2015 rally took it all the way past $1,300 per ounce.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Nov. 17, 2015, 12:24 PM | 32 Comments
  • Nov. 15, 2015, 9:12 PM
    • U.S. stock index futures are all lower by about 0.35%, as are FTSE 100 futures, but the continent is being hit harder, with France (NYSEARCA:EWQdown 1.6% and Germany (NYSEARCA:EWG0.85%.
    • The euro (NYSEARCA:FXE) is off 0.5% vs the dollar at $1.0718.
    • U.S. government paper and gold are seeing bids, with the 10-year Treasury yield down two basis points to 2.25%, and gold (NYSEARCA:GLDhigher by 1% to $1,091.50 per ounce.
    • Previously: French warplanes strike Islamic State targets in Syria (Nov. 15)
    | Nov. 15, 2015, 9:12 PM | 32 Comments
  • Nov. 12, 2015, 9:59 AM
    • Down nearly 1% on the session just minutes ago, gold has recouped all of the days losses and more in the space of a few bars, now up 0.1% to $1,086 per ounce. GLD +0.15%
    • The move comes amid sloppy action in stocks - with futures moving from near flat to about half a percent lower just ahead of the open. In early action, the S&P 500 is down by 0.5%, the Nasdaq by 0.6%, and DJIA by 0.8%.
    • Earlier, Mario Draghi promised more QE, if needed, and the Fed's Jim Bullard promised a rate hike. In her opening remarks at a conference, Janet Yellen doesn't touch on the subject.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Nov. 12, 2015, 9:59 AM | 38 Comments
  • Nov. 6, 2015, 4:54 PM
    | Nov. 6, 2015, 4:54 PM | 4 Comments
  • Nov. 6, 2015, 8:53 AM
    • U.S. stock index futures have moved from flat to down 0.3% since October's nonfarm payroll beat has put the odds squarely in favor of a rate hike in one month.
    • Europe, however, has turned losses into gains, possibly thanks to a spike higher in the dollar (UUP, UDN) and thus a big move lower in the euro (NYSEARCA:FXE). The dollar index is up 1.15%, the euro down 1.7%, and the Stoxx 50 (NYSEARCA:FEZup 0.3%.
    • Gold (NYSEARCA:GLD) is lower by 1.3% since the print to $1,090 per ounce - its weakest level since early August.
    • Previously: December rate hike back on after big jobs number (Nov. 6)
    • Previously: Big beat on jobs number (Nov. 6)
    | Nov. 6, 2015, 8:53 AM | 38 Comments
  • Nov. 3, 2015, 1:40 PM
    • With stocks having just completed their best month in four years and starting off November with more gains, there's not a lot of demand for the safety of gold and Treasurys.
    • Today's 1.8% decline in gold brings its price back to $1,115 per ounce, pretty much canceling out the rally it began right around Labor Day which took the metal to nearly $1,200. GLD -1.7%.
    • The 10-year Treasury yield, meanwhile, continues a big move higher, up five basis points on the session to 2.22% - also right about where it stood on Labor Day, and up from 1.90% at the start of October. TLT -0.9%, TBT +1.8%
    • Completing a triumvirate of news maybe telling us the economy doing better, oil is ahead 4.4% on the session to $48.18 per barrel. USO +4.4%
    | Nov. 3, 2015, 1:40 PM | 19 Comments
  • Oct. 29, 2015, 9:38 AM
    | Oct. 29, 2015, 9:38 AM | 19 Comments
  • Oct. 23, 2015, 9:37 AM
    | Oct. 23, 2015, 9:37 AM | 27 Comments
  • Oct. 23, 2015, 7:42 AM
    | Oct. 23, 2015, 7:42 AM | 14 Comments
  • Oct. 22, 2015, 11:18 AM
    • A rip may not be the best term to describe the move, but gold has poked its head to $1,170 per ounce after dipping below $1K in late July and early August.
    • Though down slightly on the year, the yellow metal is doing a heck of a lot better than pretty much every other commodity.
    • The move higher of late, says Goldman, is due to reduced expectations for Fed rate hikes and sizable increases in Chinese official purchases in Q3. Still, Goldman's base case is for a December Fed boost of 25 basis points followed by another 100 basis points next year. The timing may be in question, but highr real rates generally aren't good for gold.
    • "A plausible range of scenarios all imply lower gold prices,” concludes the team.
    • Gold is flat on today's session.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Oct. 22, 2015, 11:18 AM | 23 Comments
GLD Description
The objective of the SPDR® Gold Trust† is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses.
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