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Recent decline in commodities is only temporary, JPM says in mid-year outlook
Seeking Alpha News (Mon, 1-Jul 6:07 AM ET)
$3,000 gold by 2025 not far-fetched, with upside for miners - Sprott's Hathaway
Seeking Alpha News (Fri, 28-Jun 5:50 PM ET)
Commodity Roundup: Cocoa futures face 22% monthly drop as West Africa supply fears ease
Seeking Alpha News (Fri, 28-Jun 6:02 AM ET)
Investors prefer physical assets like gold over digital in uncertain times - CyberMetals
Seeking Alpha News (Thu, 27-Jun 2:34 PM ET)
Collectibles top online investment searches by U.S. big-city dwellers; gold fever simmers
Seeking Alpha News (Thu, 27-Jun 1:09 PM ET)
Physical assets rank higher among investor preferences, women, millennials - CyberMetals
Seeking Alpha News (Thu, 27-Jun 12:44 PM ET)
Gold prices revised up at BMI, lithium expected to remain subdued due to oversupply
Seeking Alpha News (Thu, 27-Jun 6:10 AM ET)
Silver's YTD gain beats gold, silver and S&P 500 index but investors mostly yawn
Seeking Alpha News (Wed, 26-Jun 5:55 PM ET)
Commodity Roundup: U.S. wheat futures dip as markets digest USDA report; gold down
Seeking Alpha News (Wed, 26-Jun 5:56 AM ET)
Commodity Roundup: U.S. wheat futures dip as traders digest USDA report; gold down
Seeking Alpha News (Wed, 26-Jun 5:56 AM ET)
The objective of the SPDR Gold Trust is for the Shares to reflect the performance of the price of gold bullion less the Trusts expenses.
SPDR Gold Shares trades on the ARCA stock market under the symbol GLD.
As of July 1, 2024, GLD stock price climbed to $215.57 with 3,380,361 million shares trading.
GLD has a beta of 0.01, meaning it tends to be less sensitive to market movements. GLD has a correlation of 0.00 to the broad based SPY ETF.
GLD has a market cap of $62.11 billion. This is considered a Large Cap stock.
In the last 3 years, GLD stock traded as high as $225.66 and as low as $150.57.
GLD has underperformed the market in the last year with a price return of +21.6% while the SPY ETF gained +26.5%. However, in the short term, GLD had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.8% vs +4.6% return in SPY. But in the last 2 weeks, GLD shares have been beat by the market, returning -0.1% compared to an SPY return of +0.8%.
GLD support price is $213.14 and resistance is $216.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GLD stock will trade within this expected range on the day.