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SPDR Gold Trust ETF (GLD)

  • 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.
  • Jun. 13, 2012, 9:35 PM
    Alternatives to popular ETFs suggested by Matt Hougan of IndexUniverse: IAU is liquid and half the cost of GLD, IYF gives broader exposure to the banking sector than large-cap focused XLF, HYG holds slightly higher-rated paper than JNK, HDV focuses on higher yielders than DVY, and VB avoids IWM's rebalancing issue.
  • Jun. 13, 2012, 8:46 AM
    S&P futures fall a bit more, -0.6% following the retail sales miss (with prior month revised down). Treasurys erase most of their losses, the 10-year flat at 1.67%. Gold is the big winner, jumping $9 to $1,623/oz. GLD +0.6% premarket as QE calls again fill the air.
  • Jun. 9, 2012, 3:07 PM
    The €100B Spanish bailout added to EU/IMF pledges to Greece, Ireland, and Portugal brings the total to €486B since 2010, reports Linda Yueh. Got gold?
  • Jun. 7, 2012, 12:52 PM
    Investors who have enjoyed the sanctuary of gold mining stocks (GDX -3.7%) recently are feeling the pain today, after Bernanke's testimony failed to deliver on hopes for QE3: ABX -4.7%, GG -3.2%, NEM -2.2%, AU -3.4%, GFI -3%, KGC -7%, AUY -2.4%, AEM -3.2%, IAG -4.1%, NGD -3.5%. (earlier)
  • Jun. 7, 2012, 10:54 AM
    Rising to $1,630/oz. following the PBOC ease, gold gives it all up and more - off 1.8% to $1,605 - as Bernanke is less dovish than hoped. Silver -2.5% to $28.79.
  • Jun. 6, 2012, 2:39 PM
    Gold tumbles after relative optimism from the Beige Book cools thoughts of additional Fed action. GLD flat after being higher by nearly 1% before the report.
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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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