SPDR Gold Shares·Financial Services
The investment objective of SPDR Gold Trust (the "Trust") is for the shares to reflect the performance of the price of gold bullion, less the Trust's expensesThe first US traded gold ETF and the first US-listed ETF backed by a physical assetFor many investors, the costs associated with buying GLD shares in the secondary market and the payment of the Trust's ongoing expenses may be lower than the costs associated with buying, storing and insuring physical gold in a traditional allocated gold bullion account
Financial Services
Asset Management
2004-11-18
0.16
Market Peers







The price of gold has been heading higher in recent years. Gold is often viewed as a store of value, but owning it directly can be complicated and expensive.

Gold and silver continue to do what they do best: frustrate traders, as the precious metals have become significantly more nuanced within their broader consolidation pattern.

The latest Kitco News Weekly Gold Survey showed Wall Street still firmly bearish on gold's near-term prospects, while Main Street maintained its stubborn bullish bias despite gold's losses.

Spot gold prices were lower and spot silver prices were also under pressure in late afternoon trading on Friday, as firm Treasury yields, a stronger dollar tone and hawkish Fed inflation language offset residual safe-haven demand tied to the Strait of Hormuz and U.S.-Iran talks

Gold remains in a bullish long-term structure but continues a corrective phase as momentum fades, volatility contracts, and price compresses toward a potential breakout zone.

Gold and silver are managing to hold key near-term support levels ahead of the weekend, and while the precious metals remain stuck in relatively neutral territory, some analysts have said that the volatility in bond markets this past week could be a sign of shifting fears in the marketplace.