14-May-2024
No press releases found.
Central banks are accounting for 23% of gold demand, led by EM - WF
Seeking Alpha News (Tue, 14-May 1:00 PM ET)
GLD Bullish Calendar Call Spread Appears to be a Good Buy at 90 Cents
Market Chameleon (Tue, 14-May 10:18 AM ET)
Commodity Roundup: Copper extends gains; platinum deficit to widen in 2024 - WPC
Seeking Alpha News (Tue, 14-May 6:01 AM ET)
Gold drops sharply in profit taking ahead of U.S. inflation data
Seeking Alpha News (Mon, 13-May 5:55 PM ET)
GLD Bearish Calendar Put Spread Appears to be a Bargain at 34 Cents
Market Chameleon (Mon, 13-May 2:01 PM ET)
ChatGPT On Apple iPhone, Make Or Break Data For Stock Market Ahead
Benzinga (Mon, 13-May 11:22 AM ET)
Commodity Roundup: Gold prices risk a pullback, ING says; Fed speakers in focus
Seeking Alpha News (Mon, 13-May 6:02 AM ET)
Gold jumps to highest in a month as data signals slowing economy, likely rate cuts
Seeking Alpha News (Fri, 10-May 7:00 PM ET)
Benzinga (Fri, 10-May 6:29 AM ET)
Commodity Roundup: Gold up over 1%, natgas futures set for third week of gains
Seeking Alpha News (Fri, 10-May 6:09 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 May 14, 2024, GLD stock price climbed to $218.09 with 4,504,219 million shares trading.
GLD has a beta of -0.02, 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 $63.03 billion. This is considered a Large Cap stock.
In the last 3 years, GLD stock traded as high as $225.09 and as low as $150.57.
GLD has underperformed the market in the last year with a price return of +16.7% while the SPY ETF gained +28.8%. However, in the short term, GLD had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.2% vs +6.2% return in SPY. But in the last 2 weeks, GLD shares have been beat by the market, returning +0.9% compared to an SPY return of +2.6%.
GLD support price is $214.28 and resistance is $218.24 (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.