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SPDR Gold Trust ETF (GLD)

  • Aug. 14, 2012, 11:18 AM
    Gold stocks are looking better than the metal for the first time in more than two years, which bodes well for both, Barron's Michael Kahn writes. Significant recent one-day price reversals in major gold stocks Barrick (ABX), Newmont (NEM) and Goldcorp (GG) suggests that after a long decline the bears have used up all of their energy, he says, improving their risk/reward profiles.
    | Aug. 14, 2012, 11:18 AM | 10 Comments
  • Aug. 10, 2012, 12:10 PM
    The SPDR Gold Trust (GLD) has been lagging iShares Gold Trust (IAU) because of inflows and performance, Christian Mangoon writes. IAU has outperformed GLD not only YTD, but in the past one-, three-, and five-year periods, and has captured more than 3.5x GLD's investor inflows - “amazing considering that the asset base of GLD is about 7x larger than IAU.”
    | Aug. 10, 2012, 12:10 PM | 2 Comments
  • Aug. 7, 2012, 7:40 AM
    Sell your gold and buy a house, hire workers, buy grains, or send a kid to college, writes Peter Tasker, noting the price of the metal is at multi-generational highs against these items. Recent financial instability has failed to budge the price, he says, meaning the bull market may be over and gold is back to being just another risk asset.
    | Aug. 7, 2012, 7:40 AM | 24 Comments
  • Aug. 6, 2012, 2:32 PM
    The $2,000/oz. mark for gold is starting to look out of reach, and Morgan Stanley cuts its gold price forecast for Q4 by 13%, citing strength in the U.S. dollar as investors choose dollar-denominated assets as a haven from Europe’s banking crisis... and QE3, which gold bugs have been counting on, hasn’t showed up. Comex gold rose $6.90, or 0.4%, to end today's trade at $1,616/oz.
    | Aug. 6, 2012, 2:32 PM | 3 Comments
  • Aug. 1, 2012, 2:22 PM
    More from the FOMC: The committee does downgrade its assessment of the economy, saying information received since the June meeting suggests a deceleration. However, there's no new candy for now. Over to you, Mr. Draghi. S&P 500 -0.3% after being marginally higher. The dollar moves up, particularly against the euro (FXE -0.5%). Gold sheds a few dollars, GLD -1.2%.
    | Aug. 1, 2012, 2:22 PM | 10 Comments
  • 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%.
    | Aug. 1, 2012, 9:58 AM | 3 Comments
  • 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.
    | Jul. 26, 2012, 7:59 AM | Comment!
  • 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. 25, 2012, 11:13 AM | 9 Comments
  • 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. 18, 2012, 9:55 AM | 2 Comments
  • 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. 17, 2012, 10:53 AM | 2 Comments
  • 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, 12:24 PM | 4 Comments
  • 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. 10, 2012, 10:51 AM | 8 Comments
  • 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. 6, 2012, 11:53 AM | 63 Comments
  • 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. 5, 2012, 8:01 AM | 5 Comments
  • 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.
    | Jul. 2, 2012, 8:25 AM | 1 Comment
  • 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. 29, 2012, 2:12 PM | 21 Comments
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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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