GLD - SPDR Gold Shares
| Previous Close | 115.67 |
| Open | 115.94 |
| Bid | 0.00 x 1200 |
| Ask | 0.00 x 1000 |
| Day's Range | 115.41 - 115.95 |
| 52 Week Range | 111.06 - 129.51 |
| Volume | 1,856,709 |
| Avg. Volume | 7,794,558 |
| Net Assets | 29.44B |
| NAV | 114.93 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Return | -6.87% |
| Beta (3Y Monthly) | 0.15 |
| Expense Ratio (net) | 0.40% |
| Inception Date | 2004-11-18 |
- Market Exclusive•1 hour ago
Market Morning: Bitcoin Bubble Bursts, Market Mayhem, Housing Hurts, Recession Murmurs
Has The Bitcoin Bubble Popped With the Stock Market Bubble? Bitcoin (BTC-USD) and other cryptocurrencies are in freefall, with the price of Bitcoin Cash (BCH-USD) getting especially clobbered the last few days due to the ongoing hash war between Bitcoin ABC and Bitcoin SV. Bitcoin prices have crashed below $4,500 a coin, now down over […] The post Market Morning: Bitcoin Bubble Bursts, Market Mayhem, Housing Hurts, Recession Murmurs appeared first on Market Exclusive.
- Market Realist•3 hours ago
Is Trump Right in Criticizing the Fed’s Aggressive Rate Hikes?
President Trump has made it clear time and again that he is not happy with the Federal Reserve raising rates (TLT) so quickly. Usually, presidents don’t interfere or comment on the Fed’s decisions. The Fed is seen as an independent authority, which is important to maintain economic stability.
- ETF Trends•yesterday
What Needs to Happen For Gold ETFs to Rally in Earnest
Gold exchange traded products, including the SPDR Gold Shares (GLD) , have recently given back some of their October gains, indicating gold still has plenty of work to do before regaining investors' confidence. Much of the near-term thesis for gold revolves around the Fed’s plans for interest rates. The Fed has boosted borrowing costs three times this year and market observers widely expect a fourth rate hike in December.
Market Realist•yesterdayHas US Economic Growth Peaked?
Could Gold Be the Best Bet amid Increased Economic Uncertainty? The Federal Reserve is predicting growth to slow to 2.5% next year before slowing down further to 2.0%. This data becomes even more disappointing given the fact that the investments should have ideally risen given the tax cuts implemented by the current administration.
Market Realist•yesterdayCould Physical Gold Demand Support Prices in the Fourth Quarter?
Could Gold Be the Best Bet amid Increased Economic Uncertainty? Physical gold (GLD) demand tends to act as a floor for gold prices. According to the World Gold Council (or WGC), in the third quarter as well, the demand for jewelry increased 6% YoY to 535.7 tons as lower prices attracted bargain hunters.
Market Realist•4 days agoWhy Ray Dalio Recommends Holding 5%–10% in Gold
Ray Dalio, chair and chief investment officer of Bridgewater Associates, has maintained the fund’s stake in the SPDR Gold Shares ETF (GLD) and the second-largest physical gold-backed ETF, the iShares Gold Trust ETF (IAU). Bridgewater Associates kept its holdings at 3.91 million shares in GLD and 11.31 million shares in IAU in the third quarter, according to Fintel.
- Market Realist•4 days ago
John Paulson Remains Bullish as Ever on Gold
Based on 13F filings, despite weaker gold prices, hedge funds maintained their investments in gold in the third quarter. According to Fintel, at the end of the quarter, Paulson & Co. had 4.32 million shares of the world’s largest gold-backed ETF, the SPDR Gold Shares ETF (GLD).
Market Realist•4 days agoQ4 2018 Started on a High Note for Gold
During the third quarter, gold’s price (GLD) fell ~5%, dipping below the psychologically important level of $1,200 per ounce it touched in August.
Market Realist•4 days agoCentral Banks Buy Most Gold in Three Years
Could Gold Be the Best Bet amid Increased Economic Uncertainty? According to the World Gold Council (or WGC), central banks’ gold (SGOL) buying has hit the highest level in almost three years for the quarter ended September 2018. Central banks have been net buyers of gold since the beginning of the financial crisis of 2008.
- Market Realist•4 days ago
Gold Price Outlook: Analysts Are Watching These Factors
Could Gold Be the Best Bet amid Increased Economic Uncertainty? Bank of America (or BofA) analysts contend that gold prices (GLD) should surge over the next year. The firm stated that higher real US interest rates, a strong US dollar (UUP), and equity market volatility have kept a lid on gold prices year-to-date.
Market Realist•5 days agoWhy Goldman Sachs Is Still Optimistic about Gold
Could Gold Be the Best Bet amid Increased Economic Uncertainty? In March this year, Goldman Sachs (GS) turned bullish on gold for the first time in the last five years. As reported by Bloomberg, Goldman Sachs’s (GS) analysts wrote, “While we think that the U.S. cycle still has room to run it doesn’t mean that markets will not worry about it coming to an end.” The analysts added, “Going forward, we expect market ‘fear’ of a U.S. recession to strengthen.
- Market Realist•5 days ago
Could Gold Rise despite a Strengthening US Dollar?
Could Gold Be the Best Bet amid Increased Economic Uncertainty? The Fed’s interest rate hikes and outlook, trade war concerns, and the better US market (SPY) (QQQ) performance have been the key factors behind the dollar’s strength. The Federal Reserve has already raised the rates three times this year and is expected to raise them for the fourth time in December.
Market Realist•5 days agoCould Gold Be the Best Bet amid Increased Economic Uncertainty?
Gold prices (GLD) saw their first monthly gain in the last seven months in October when prices rose by 2.1%. Gold prices are down by 7.4% YTD, and they are down 10.6% from their April peak. While gold prices seemed to have lost their safe-haven status as they kept on falling even amid all the geopolitical, trade, and emerging market tensions, October has reinstated that appeal to some extent.
- MarketWatch•5 days ago
Palladium futures tally a record high
Palladium futures rally Thursday, notching a third consecutive session climb and their highest settlement on record. Gold prices, meanwhile, rise, shaking off pressure from a stronger dollar to hold on to a week-to-date gain.
- MarketWatch•6 days ago
Gold settles higher after recent downdraft, with inflation data, dollar action in focus
Gold prices settle higher Wednesday, scoring a modest reversal from selling action that had driven the metal down for seven sessions in the past eight.
Market Realist•8 days agoWhy Iron Ore Is Bucking Falling Price Trends Unlike Other Metals
Since the start of this year, there has been a severe fall in the prices of almost all commodities (COMT) like copper, nickel, lead, cobalt, and gold (GLD). Factors such as the stronger US dollar (UUP), higher interest rates, weakness in emerging markets, and increasing trade tensions have been the major reasons for the slump in commodities. The trade war has started taking its toll on China (FXI), which is a negative for commodities, as China is the mainstay for many commodity producers.
Market Realist•8 days agoAs Positive Catalysts for Gold Emerge, Which Miners May Benefit?
Gold miners as a whole are looking inexpensive compared to broader equities. The average ratio of the NYSE Arca Gold Miners Index (GDX) and the S&P 500 Index (SPY) is 0.20 compared to the ten-year average of 0.68. While broader equities’ valuations have continued to increase, the valuations of gold stocks haven’t kept the pace, and the ratio has fallen.
- MarketWatch•11 days ago
Billion-dollar monthly boost in exchange-traded fund gold holdings offer ray of hope for downbeat metal
Exchange-traded funds backed by gold increased their holdings by $1 billion in October, marking a possibly bullish shift in investor sentiment toward the precious metal.
- Barrons.com•11 days ago
In Bullish Shift, Investors Start Buying Gold ETFs
After months of net selling, the funds increased their holdings of gold in October as stocks sagged. New support for the precious metal.
- ETF Trends•11 days ago
What to Expect From Gold ETFs After the Elections
Waiting on commentary from the Federal Reserve, gold exchange traded products, including the SPDR Gold Shares (NYSEArca: GLD), traded slightly lower Thursday. Some market observers believe gold could struggle ...
Market Realist•12 days agoKey Highlights from IAMGOLD’s Q3 2018 Earnings
IAMGOLD (IAG) generated revenue of $244.8 million in the third quarter, a YoY (year-over-year) fall of 9%. The fall was the result of both lower realized gold prices and lower sales and volumes at the Rosebel and Westwood mines.
Market Realist•12 days agoWhat Would It Take to Restore Investors’ Confidence in IAMGOLD?
IAMGOLD (IAG) reported its third-quarter earnings results after the market closed on November 6. It reported EPS of -$0.01, in line with analysts’ consensus estimate. Its revenue, however, missed expectations, coming in at $244.8 million compared to the consensus estimate of $266 million.
Market Realist•12 days agoAnalyzing China’s October Trade Data
On November 8, China released its trade data for October. The country’s trade data have received even more scrutiny this year amid the US-China trade war. The world’s two largest economies have been involved in a bitter trade war. They have imposed tariffs on billions of dollars of products.
- Market Realist•12 days ago
Is the Barrick-Randgold Merger Enough of a Reason to Bet on ABX?
The rises in Barrick Gold’s (ABX) and Randgold Resources’ (GOLD) stock prices following their merger announcement suggest that investors are happy with the merger and its potential synergies. On November 5, more than 99% of ABX’s shareholders approved its all-stock acquisition of GOLD. The question, however, remains as to whether the issues ailing Barrick Gold will all go away with this merger.
- Market Realist•13 days ago
Why Barrick Gold’s Financial Leverage Isn’t Much of a Concern Now
Some miners (GDX), including Barrick Gold (ABX), Newmont Mining (NEM), and Kinross Gold (KGC), were especially affected by peak cycle acquisitions and the resulting write-downs. Most of this debt reduction has been driven by the sale of its noncore assets. At the end of the third quarter, Barrick Gold’s total debt was $5.7 billion compared to $6.4 billion at the end of the first quarter.
