SPDR Gold Trust ETF (GLD) - NYSEARCA
  • Aug. 19, 2015, 2:16 PM
    • The averages bottomed out more than 1% lower just before noon, and have been given an extra charge from the FOMC minutes which at first glance show maybe a smaller-than-expected sentiment for an imminent rate hike.
    • The Dow (DIA -0.1%), S&P 500 (SPY -0.1%), and Nasdaq 100 (QQQ +0.1%) have all returned to nearly flat.
    • The 10-year Treasury yield fell as low at 2.13% in the aftermath of the minutes from 2.23 earlier in the session. The rebound in stocks, however, is drawing some money out of fixed income, and the yield has bounced back to 2.15%. TLT +0.4%, TBT -0.8%
    • Oil continues sharply lower, and is within a few cents of trading with a $39 handle.
    • Gold (GLD +1.1%)  has added to gains post-minutes, now up 1.2% on the session at $1,130 per ounce.
    • Previously: FOMC minutes: Getting closer to rate hike (Aug. 19)
    | Aug. 19, 2015, 2:16 PM | 34 Comments
  • Aug. 19, 2015, 7:35 AM
    • Venezuela is a case in point, say Citi analysts David Wilson and Aakash Doshi. The country gets more than 95% of its export revenue from oil, so the price collapse of crude could mean difficulties in making debt payments.
    • Venezuela had 11.6M troy ounces of gold as of about one year ago, according to the IMF, roughly 68% of the country's reserves, says Citi.
    • Most of Venezuela's gold, however, is located in Caracas thanks to then-President Hugo Chavez's order a few years ago to repatriate all of the metal held overseas. "No bank is going to take collateral for gold that's actually held in Caracas," says Aberdeen Asset Management's Edwin Gutierrez. In his opinion, there's a chance Venezuela could be desperate enough to sell, but not so much for other central banks.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Aug. 19, 2015, 7:35 AM | 16 Comments
  • Aug. 13, 2015, 2:28 AM
    • Demand for gold fell to its lowest in six years in the second quarter, in a further sign the world's largest buyers, China and India, are staying away from the precious metal.
    • According to the World Gold Council, overall demand totaled 915 tonnes, a 12% drop from the same period last year.
    • Prices saw further declines due to a strong U.S. dollar and expectations for a Fed rate increase, failing to draw any direction from the uncertainty in Greece and other financial crises.
    • Gold -0.2% to $1121.50 an ounce, after trading between $1200-$1230 during most of Q2.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Aug. 13, 2015, 2:28 AM | 34 Comments
  • Aug. 11, 2015, 9:48 AM
    • China's surprise devaluation overnight has sparked renewed selling in commodities, a sizable selloff in Europe, and the beginnings of a rough day in equities in the U.S.
    • Oil is re-testing its bear market lows, down 1.5% to $43.50 per barrel. Copper (NYSEARCA:JJC) is off 3.2% to $2.32 per pound, and the grains (NYSEARCA:JJG) are lower across the board. Gold (NYSEARCA:GLD) is seeing some interest though, up 0.5% to $1,109.50 per ounce.
    • Germany's 2.4% decline is leading Europe lower, and the Dow is off nearly 1% in the early going.
    • The 10-year Treasury yield is lower by eight basis points to 2.15%. TLT +1.2%, TBT -2.4%. Checking short-term interest rate futures, they're higher, meaning a smaller chance of Fed rate hikes. The October 2015 Fed Funds contract is up two basis points to $99.76 - pricing in a Fed Funds rate in October roughly 10 basis points higher than it is today.
    • ETFs: TBT, TLT, TMV, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, TLH, SBND, VGLT, IEI, TYO, UBT, DLBS, DTYS, UST, TLO, VGIT, TBX, SCHR, TENZ, GSY, TYD, LBND, ITE, DTYL, DLBL, TYBS, DFVL, FIVZ, VUSTX, TBZ, DFVS, TYNS, SYTL
    | Aug. 11, 2015, 9:48 AM | 9 Comments
  • Aug. 7, 2015, 8:50 AM
    • A September rate hike just got more certain after the U.S. economy added 215K jobs in July and the unemployment rate held at 5.3%.
    • 10-year Treasury prices initially knee-jerked down after the print, but have returned to about flat. The yield is flat at 2.22%. TLT +0.4%, TBT -0.8%
    • The dollar spiked higher and has remained there. UUP +0.3%
    • Both gold (NYSEARCA:GLD) and oil (NYSEARCA:USO) have turned modestly lower since the report, and stock index futures (SPY, DIA, QQQ) have added to losses, now down about 0.35%.
    • Previously: Inline jobs number means September rate hike still likely (Aug. 7)
    • Previously: Jobs up 215K in July; UE rate flat at 5.3% (Aug. 7)
    | Aug. 7, 2015, 8:50 AM | 35 Comments
  • Jul. 31, 2015, 7:03 AM
    | Jul. 31, 2015, 7:03 AM | 70 Comments
  • Jul. 24, 2015, 4:29 PM
    • For the first time since the data began being collected in 2006, hedge fund and other sizable speculator types went net short the yellow metal in the week ended July 21, according to the CFTC, reporting a cumulative net-short position of 11,345 futures contracts.
    • Gold put in another fresh five-year low today before bouncing to close modestly higher, but has been in the red nearly every day this month.
    • Earlier this week, Goldman's Jeffrey Currie says more pain is ahead for gold, and sees the price soon slipping below $1K per ounce (it closed today at $1,098).
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Jul. 24, 2015, 4:29 PM | 36 Comments
  • Jul. 24, 2015, 3:29 AM
    • Gold continued its slide on Friday, on course for its biggest weekly loss in nine months, as a breach of key support levels pushed more sellers to cut their exposure.
    • Spot gold fell as much as 1.2% to $1,077 an ounce, bringing its losses this week to more than 4%.
    • Copper is also feeling the burn amid a rout in commodities and mining stocks. The red metal extended its slide to the lowest price since 2009, heading for a 4.6% drop this week.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, JJC, UGLD, DZZ, GLDI, COPX, OUNZ, CU, DGL, DGZ, DGLD, AGOL, GEUR, CPER, UBG, GYEN, CUPM, QGLDX
    | Jul. 24, 2015, 3:29 AM | 19 Comments
  • Jul. 22, 2015, 4:39 AM
    • Commodities are taking another beating, as anticipation of a Fed rate hike and the dollar's strength, as well as soft global growth and a supply glut weigh on demand for raw materials.
    • Gold fell on Wednesday for a seventh session in eight, reflecting sustained downward pressure on the metal days after its steepest drop in almost two years. Gold -1% to 1092.80 an ounce.
    • Crude futures are also heading south, amid speculation weekly supply data due later in the session will show U.S. inventories rose unexpectedly last week. Crude futures -1.4% to 50.17/bbl.
    • ETFs: GLD, USO, OIL, IAU, UCO, PHYS, UWTI, SCO, SGOL, BNO, DBO, UGL, DWTI, DGP, GTU, GLL, DTO, UGLD, DZZ, USL, GLDI, OUNZ, DGL, DNO, DGZ, DGLD, AGOL, OLO, SZO, GEUR, UBG, GYEN, OLEM, QGLDX
    | Jul. 22, 2015, 4:39 AM | 35 Comments
  • Jul. 21, 2015, 3:06 AM
    | Jul. 21, 2015, 3:06 AM | 18 Comments
  • Jul. 20, 2015, 2:34 AM
    • Gold prices continued falling today, hitting a more than five-year low early in the session, amid growing expectations for a U.S. interest rate increase that has boosted the dollar.
    • Over the weekend, China also disclosed an update on its gold reserves for the first time since 2009 that was far lower than analysts expected.
    • After plunging 4.2% to $1,086.18 an ounce, bullion for immediate delivery is now trading down 2.3% at $1106.40.
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Jul. 20, 2015, 2:34 AM | 12 Comments
  • Jul. 17, 2015, 10:41 AM
    • Macro jitters from Greece and China never did much to boost the price of gold this summer, and with at least Greece out of the way and China (for the moment) stabilized, the yellow metal has resumed its bear run.
    • A roughly 1% move lower in the past two hours has brought gold down to $1,130 per ounce - its lowest price in five years, and off about 13% since hitting its 2015 high six months ago.
    • GLD -1.2%
    • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX
    | Jul. 17, 2015, 10:41 AM | 54 Comments
  • Jul. 7, 2015, 10:29 AM
    | Jul. 7, 2015, 10:29 AM | 25 Comments
  • Jun. 3, 2015, 2:57 PM
    • The SPDR Gold Shares ETF (NYSEARCA:GLD) saw $902M in withdrawals last month, bringing AUM to $27.4B. At its peak in 2011, the fund had $77.7B in assets and at one point was the industry's largest ETF (and the yellow metal threatened $2K per ounce). Now - with the price of gold flirting with $1K an ounce - it's no longer in the top 10.
    • Source: Barron's
    | Jun. 3, 2015, 2:57 PM | 20 Comments
  • Apr. 30, 2015, 11:18 AM
    • A big move higher in April has the 10-year Treasury yield all the way up to 2.10%, and the FOMC - dismissive of Q1's stall in economic growth - seems undeterred in its move toward rate hikes.
    • Add in fresh selling catalysts today - initial jobless claims falling to a 15-year low and the Chicago PMI rising to its highest level this year - and gold is down 2.4% to $1,180 per ounce, right about where it started the year. 2014's multi-year lows were around $1,140 per ounce.
    • GLD -1.9%
    • ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, TBAR, GEUR, UBG, GYEN, BAR
    | Apr. 30, 2015, 11:18 AM | 17 Comments
  • Apr. 27, 2015, 6:45 PM
    | Apr. 27, 2015, 6:45 PM | 39 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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