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 April 19, 2024, GLD stock price climbed to $221.73 with 5,735,762 million shares trading.

GLD has a beta of 0.04, 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 $63.73 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 stock has underperformed the market in the last year with a return of +19.0%, while SPY returned +21.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GLD shares. However, GLD has outperformed the market in the last 3 month and 2 week periods, returning +18.3% and +4.8%, while SPY returned +4.3% and -3.4%, respectively. This indicates GLD has been having a stronger performance recently.

GLD support price is $218.03 and resistance is $222.65 (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.