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SPDR Gold Trust ETF (GLD)

  • Aug. 1, 2012, 9:58 AM
    FOMC preview: "Gold (is) saying Bernanke doesn't deliver the drugs," writes Keith McCullough. GLD -1%, SLV -2.5%.
  • Jul. 26, 2012, 7:59 AM
    Gold continues a nice rally, spurred on this morning by Draghi's comments suggesting more candy from the ECB. The yellow metal is higher by 3.7% to $1,617/oz. since the Hilsenrath article suggesting new Fed action hit on Monday afternoon. GLD +1% premarket.
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  • Jul. 25, 2012, 11:13 AM
    Gold's performance over the past year (flat) actually isn't so bad given the dollar has risen 12%, according to JPMorgan's gold team. Still the group remains cautious on the metal and miners (especially amidst reporting season) as declining inflation rates suggest monetary stimulus isn't as forceful as commonly believed.
  • Jul. 18, 2012, 9:55 AM
    Mexico, long known for silver, is enjoying a new gold rush, as high gold prices compel companies to start mining more aggressively in the country's difficult terrain. Big outfits such as Goldcorp (GG) are operating in areas where gold wasn't concentrated enough for mines to make a profit. This year, GG's Peñasquito site is set to produce 500K oz. of gold, making it Mexico's biggest gold mine and GG's most prolific.
  • Jul. 17, 2012, 10:53 AM
    Along with stocks, the euro and gold both tumble in the wake of The Chairman's testimony which showed little additional movement to more Fed asset purchases. The euro (FXE) falls nearly 100 pips since 10 ET to $1.2190. Gold (GLD) -1.2% to $1,573. S&P 500 now -0.5%.
  • Jul. 10, 2012, 12:24 PM
    Gold ETF assets climb to a new record of 77M ounces, according to ETF Securities, but industry giant GLD isn't getting as much of the business as a look at its size would predict. The $65B fund garnered just $88M over the past month. The less expensive, but less liquid $9B-sized IAU pulled in $57M.
  • Jul. 10, 2012, 10:51 AM
    Far from suppressing the gold price, central bank buying may be propping it up. After a decade of selling, central banks were big buyers in 2011 as ETF demand for the metal slowed. Traditional buying (jewellery) has yet to recover to pre-crisis levels. What happens to gold if official buying slows?
  • Jul. 6, 2012, 11:53 AM
    Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame.
  • Jul. 5, 2012, 8:01 AM
    Gold can't hold onto gains despite monetary spigots opening everywhere, falling especially quickly following the timid move by the ECB, now -0.5% to $1,612.
  • Jul. 2, 2012, 8:25 AM
    The gold ETF (GLD) saw an outflow in Q2 of 5 metric tons, the first quarterly decline in a year and against a 32-ton inflow in Q1. Shares in the ETF were off 4.3% during the period as money instead flowed into the dollar, UUP +2.6% during the same time frame.
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  • Jun. 29, 2012, 2:12 PM
    Gold and oil both soar, with gold settling above the key $1,600/oz. psychological mark and crude oil up 7.7% with settlement less than an hour away. But one group of traders is very wrong: Either the European financial crisis is fixed - as energy prices rise on an anticipated increase in demand - or it isn't - as gold prices rise as investors seek a safe haven.
  • Jun. 28, 2012, 2:41 PM
    Comex gold declined $28, or 1.8%, to settle at $1,550.40/oz. as the European summit begins with little hope of progress and a higher dollar keeps gold and other commodities under pressure. Also, decreased physical demand from countries such as India is hurting demand for gold. Miners take a beating: GG -5.1%, AUY -3.1%, KGC -6.2%, AEM -4.6%, NGD -3.1%.
  • Jun. 26, 2012, 3:59 PM
    Barrick Gold's (ABX -3.3%) announcement of a new CFO who jumped ship from Agnico Eagle (AEM -3.6%) isn't helping shares today, as miners felt the impact of Comex gold falling nearly 1% as part of negative overall sentiment for commodities. GG -1.1%, KGC -1.5%, IAG -1.6%, AUQ -2%, NG -3.7%.
  • Jun. 21, 2012, 12:27 PM
    The commodity sector is lit up bright red - the markets (stocks too) apparently waiting until today to throw a tantrum over disappointment on no new QE. GLD -2%, SLV -3.6%, Copper (JJC) -2.2%. Crude oil takes out $80/barrel and more, now at $79.45, USO -2.1%. Corn -2.8%, Cotton -6%.
  • Jun. 20, 2012, 11:12 AM
    Gold and oil don't seem to expect much from the FOMC today, the metal -1.2% and WTI crude -1.8%. Crude added to already solid losses on the release of storage data showing an unexpected build in inventories.
  • Jun. 14, 2012, 9:49 AM
    Gold's recent weakness provides "an outstanding, low risk entry point" for the metal and even better, for miner shares, says Tocqueville Asset Management. "Essentially long duration in the money options on the gold price," the upside for miners should exceed the metal.
GLD vs. ETF Alternatives
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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