GLD - SPDR Gold Shares
| Previous Close | 116.01 |
| Open | 115.57 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 1000 |
| Day's Range | 115.43 - 115.78 |
| 52 Week Range | 111.06 - 129.51 |
| Volume | 4,237,784 |
| Avg. Volume | 6,782,915 |
| Net Assets | 10.4B |
| NAV | 159.15 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Return | 4.86% |
| Beta (3Y Monthly) | 0.00 |
| Expense Ratio (net) | 0.40% |
| Inception Date | 2004-11-02 |
- Barrons.com•3 days ago
How to Invest in Gold—Whether You’re Playing the Upside or the Downside
Investing in the yellow metal is often tricky, particularly in turbulent markets. Here’s how investors can play the upside or the downside.
Market Realist•3 days agoKey Factors Driving Goldcorp’s Growth
After outperforming its peers in the first half of 2018, Goldcorp’s (GG) stock slumped. Its second-quarter earnings were also a miss on market expectations, as were its first-quarter earnings. Moreover, the overall sentiment on gold and gold stocks turned extremely negative starting April, hurting GG stock as well.
Market Realist•4 days agoFed Minutes: Markets Reel as Rates Are Poised to Rise Further
Yesterday, the Federal Reserve released the minutes from its September 25–26 meeting. Read When Will Fed Tightening Start to Hurt the US Economy? for a summary of the Fed’s actions at the meeting and the market’s reaction to them. The meeting minutes were slightly more hawkish than expected, and they signaled that most Fed officials believe that interest rates must continue to rise.
Market Realist•4 days agoFund Managers Rotate Out of Growth and Cyclical Stocks
In October, fund managers rotated to energy and material stocks while divesting growth and cyclical stocks. The overweight position in technology stocks declined significantly. As we highlighted in As Tech Leads the Market Decline, What are Investors Eyeing, tech stocks were the frontrunners in the sell-off as they are the same companies that have seen huge upward runs in 2018.
Market Realist•5 days agoAnalysts’ Views: Is It Time to Look at Gold Miners?
This year started on a lukewarm note for gold and gold miners, and things started worsening after April. Gold prices have failed to draw a bid in 2018 despite many market uncertainties, including trade war tensions, the emerging market (EEM) currency crisis, and other geopolitical concerns.
Market Realist•7 days agoCould Investors’ Rotation amid the Sell-Off Benefit Gold Miners?
Gold, Miners Have Surged on the Market Rout—What’s the Upside? In the current sell-off, technology companies (XLK) (SMH) are leading the decline. Investors’ stretched valuation concerns have been especially acute in the US tech space, meaning that tech stocks are much more vulnerable to higher interest rates.
Market Realist•7 days agoIMF Downgraded Global Growth Outlook due to Trade Tensions
The International Monetary Fund (or IMF) cut its estimates for global growth for this year and for 2019, citing trade tensions between the US and its trading partners. It now estimates the global growth will come in at 3.7% in 2018 as compared to its previous estimate of 3.9%. The “World Economic Outlook” report is published twice a year, in April and October.
Market Realist•10 days agoIs It Time to Look at Ignored Miners on Gold’s Safe-Haven Bids?
Usually, gold miners are a leveraged play on gold prices, meaning that when gold prices rise, gold miners outperform the underlying commodity, and vice versa.
Market Realist•10 days agoWill Short Covering Unearth More Gains for Gold?
Gold, Miners Have Surged on the Market Rout—What’s the Upside? The Commodity Futures Trading Commission reports the positions of major players in the futures market in its COT (Commitment of Traders) report. It’s released every Friday and shows the open interest recorded on the previous Tuesday.
- Market Realist•10 days ago
How RAAX Offers a Risk-Managed Approach to Investing
RAAX only invests in asset classes that the model is bullish on, and the weightings themselves are not an indication of conviction but are instead determined by RAAX’s optimization process that seeks to maximize diversification and minimize volatility. In September, RAAX added a 33% allocation to U.S. Treasury bills. Should the number of bearish segments continue to increase, RAAX has the ability to expand its cash position and allocate up to 100% in cash to avoid a pervasive market drawdown.
- Zacks•11 days ago
Are Gold Prices Bottomed Out && Up for Rebound? ETFs in Focus
Gold prices have probably bottomed out and will rebound next year, putting these ETFs in focus.
Market Realist•11 days agoHere’s What’s Worrying Markets More than Rising Interest Rates
Does the Sell-Off Imply Market Repositioning for Lower Growth? One of the major market worries at the core of the current market sell-off is the coming earnings deceleration. The stock market rally in 2018 has been fueled in part by the tax reform windfall.
Market Realist•11 days agoAs Tech Leads the Market Decline, What Are Investors Eyeing?
Does the Sell-Off Imply Market Repositioning for Lower Growth? Technology companies are the ones leading the current market decline. Amazon (AMZN), Netflix (NFLX), and Apple (AAPL) stocks took a sound beating yesterday and plunged 6.1%, 8.4%, and 4.6%, respectively.
Market Realist•11 days agoCPI Underwhelms Today: Will the Market Heave a Sigh of Relief?
The US consumer price index (or CPI) for September was released today at 8:30 AM EST. The inflation numbers were weaker-than-expected, with the CPI rising just 0.1% sequentially compared to 0.2% expected by economists. In the 12 months through the end of September, the CPI rose 2.3%, which was lower than a 2.7% rise in August.
Market Realist•11 days agoDalio Predicts Weaker Dollar due to Budget Deficit Financing
The budget balance is the difference between what a country’s government garners from taxes and other sources and what it spends. A budget deficit occurs when spending exceeds earnings. In such a situation, the government borrows money from its citizens as well as foreign entities. As this debt accumulates, it’s possible that the value of its currency could decrease. The US (SPY) (VTI) budget deficit is creeping up.
- Market Realist•11 days ago
Is US Dollar Outlook Dimming on ‘De-Dollarization’ Concerns?
The Fed’s interest rate hikes and outlook, trade war concerns, and relatively better US market (SPY) (QQQ) performance as compared to the rest of the world are the major factors driving the dollar up. This rise in the dollar has put sustained pressure on gold (GLD) and other precious metals year-to-date.
- Market Exclusive•11 days ago
Market Morning: Fed “Crazy”, Stock Market Crash, FAANGS Flabbergasted, Inflation Stats Due
Stocks Spooked, Yields Collapse On Market Selloff By now the stock market selloff is old news. The good news is that bond yields (NYSEARCA:TLT) had a reprieve overnight as panic out of equities climaxed. Starting at 1:45pm yesterday just under 3 hours before market close, Treasury yields began to fall, reaching lows of 3.142% as […] The post Market Morning: Fed “Crazy”, Stock Market Crash, FAANGS Flabbergasted, Inflation Stats Due appeared first on Market Exclusive.
Market Realist•12 days agoWhy Gold’s Upside Potential Outweighs Downside Risks
As we discussed previously in this series, the SPDR Gold Trust ETF (GLD) has fallen ~9.0% year-to-date and ~12.0% from its April peak. While gold prices have generally disappointed in 2018, there are many reasons to believe that this could be about to change and gold might be in the process of bottoming out. As we have discussed previously in the series, this buying is expected to continue going forward and with greater vigor, which should support gold prices.
Market Realist•12 days agoWill Physical Gold Demand Be Deciding Factor for Gold in H2 2018?
The demand for gold in India (INDA) was lukewarm in the first half of the year, mainly due to stronger equity markets and higher gold prices measured in rupees. This event caused local gold prices to rise, even with the price decline measured in US dollars. According to the latest Assocham-World Gold Council (or WGC) report, the gold demand in India is likely to surge 25% in the second half due to the improved purchasing power of farmers.
Market Realist•12 days agoUS Trade Deficit Widens: Why Tariffs Aren’t Working
The trade balance is the difference between a country’s monetary value of exports and imports. A positive balance is known as a trade surplus where exports are greater than imports. A negative balance is known as a trade deficit.
Market Realist•12 days agoCould a Fed Policy Mistake Be a Much-Awaited Catalyst for Gold?
On one hand, the growth is expected to slow down, but the Fed doesn’t seem to be in any mood to slow down. The concern is also that due to the lag between policy change and its visible impact on the economy (SPY) (DIA), the Fed might keep tightening the rates. Investors are concerned that the Fed isn’t clear on the neutral policy rate. In Why a Fed Policy Mistake Is Worrying Markets, we highlighted why investors are worried that the Fed could keep hiking rates until something actually breaks in the economy.
- Market Realist•12 days ago
What’s Driving Analyst Optimism about Gold?
Bank of America (or BofA) contends that gold prices (GLD) should surge over the next year as US budget deficit and trade war concerns start to have an impact on the US economy (SPY) (IVV). Bank of America expects gold prices (IAU) to average $1,350 per ounce in 2019 as the effect of US tax reforms wears off.
Market Realist•12 days agoCentral Banks Are Accumulating Gold due to Dollar Worries
Central banks have been net buyers of gold (SGOL) since the beginning of the financial crisis of 2008. According to Atsuko Whitehouse at BullionVault, “Central banks are buying gold for their reserves at the fastest pace in 6 years.” Macquarie reports that a total of 264 tons have been added to the official-sector gold holdings in the first nine months of the year. As usual, the central banks of Russia (RSX), Turkey, and Kazakhstan were leading the pack.
- Market Realist•12 days ago
Will Inflation Scare Continue to Drive Markets?
Investors are keenly awaiting the US CPI (consumer price inflation) figures. The markets have placed huge importance on inflation figures (TIP) in 2018, as inflation has been one of the most important deciding factors related to the Fed’s future interest rate (TLT) path. The US CPI underwhelmed in August with a 0.2% rise sequentially compared to the 0.3% growth that was expected by economists.
- Market Realist•12 days ago
Is Gold’s Longest Monthly Losing Streak Nearing an End?
Gold prices dropped for the sixth straight month in September, which is gold’s longest monthly losing streak since January 1997. Year-to-date, gold prices are down by 9%, and they are down 12% from their April peak. Gold’s price decline is especially puzzling given the presence of many factors that would have usually supported its safe-haven appeal and thus its price.
