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Gold pushes to new record, silver pops 2.5%, with Fed rate cut seen as bullish
Seeking Alpha News (Thu, 19-Sep 5:50 PM ET)
GLD Bullish Calendar Call Spread Appears to be a Bargain at 95 Cents
Market Chameleon (Thu, 19-Sep 12:03 PM ET)
Commerzbank cuts year-end Brent oil forecast to $75/bbl as demand continues to lose momentum
Seeking Alpha News (Thu, 19-Sep 6:09 AM ET)
Gold jumps to record high before swinging to loss after Fed's jumbo rate cut
Seeking Alpha News (Wed, 18-Sep 4:35 PM ET)
Benzinga (Wed, 18-Sep 2:55 PM ET)
Commodity Roundup: Gold in tight range as Fed verdict looms, oil snaps two-day winning run
Seeking Alpha News (Wed, 18-Sep 6:01 AM ET)
Gold price may slip if Fed cuts only 25 bps, Goldman says, but still sees eventual rally
Seeking Alpha News (Tue, 17-Sep 5:55 PM ET)
GLD Bearish Calendar Put Spread Appears to be a Steal at 54 Cents
Market Chameleon (Tue, 17-Sep 1:28 PM ET)
Commodity Roundup: As rate cut hopes steer gold to record highs, silver shows potential
Seeking Alpha News (Tue, 17-Sep 5:59 AM ET)
Sector-wise weekly ETF flows - money pours out of financials and into consumer staples
Seeking Alpha News (Tue, 17-Sep 3:36 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 September 19, 2024, GLD stock price climbed to $239.17 with 4,929,364 million shares trading.
GLD has a beta of 0.07, 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 $72.56 billion. This is considered a Large Cap stock.
In the last 3 years, GLD stock traded as high as $240.29 and as low as $150.57.
GLD has outperformed the market in the last year with a price return of +33.3% while the SPY ETF gained +29.9%. GLD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.0% and +3.8%, respectively, while the SPY returned +4.4% and +3.6%, respectively.
GLD support price is $233.76 and resistance is $237.26 (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.