GLD Stock Summary and Trading Ideas (SPDR Gold Shares | ARCA:GLD)

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 January 22, 2025, GLD stock price climbed to $254.43 with 4,130,819 million shares trading.

GLD has a beta of 0.16, meaning it tends to be less sensitive to market movements. GLD has a correlation of 0.02 to the broad based SPY ETF.

GLD has a market cap of $77.24 billion. This is considered a Large Cap stock.

In the last 3 years, GLD traded as high as $257.71 and as low as $150.57.

GLD has outperformed the market in the last year with a price return of +35.4% while the SPY ETF gained +27.2%. However, in the short term, GLD had mixed performance relative to the market. It has underperformed in the last 3 months, returning +1.3% vs +4.2% return in SPY. But in the last 2 weeks, GLD shares have fared better than the market returning +4.0% compared to SPY +3.0%.

GLD support price is $251.37 and resistance is $254.89 (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 shares will trade within this expected range on the day.