SPDR Gold Trust (GLD.US) is an exchange-traded fund (ETF) that aims to track the performance of gold bullion. With a current market capitalization of $58.65 billion as of 16th June 2023, it provides investors with an accessible and convenient way to invest in gold. a The company was launched in November 2004 by State Street Global Advisors, a subsidiary of State Street Corporation. As an ETF, SPDR Gold Trust allows investors to gain exposure to the price of gold without physically owning the metal. Each share of the ETF represents a fractional interest in the gold held by the trust. The company has become one of the largest ETFs globally, offering investors a vehicle to participate in the potential benefits of gold price movements. It has enabled individuals and institutions to diversify their investment portfolios and hedge against market volatility.
Over the past five years, the share price history of SPDR Gold Trust has displayed fluctuations influenced by various factors. The highest recorded price during this period was reached at $194.45 in August 2020, reflecting periods of market uncertainty and increased demand for gold as a safe-haven asset. Conversely, the lowest point occurred at $111.06 in August 2018, coinciding with periods of market stability and reduced interest in gold.
It is important to note that the price of SPDR Gold Trust is primarily driven by the underlying price of gold, which can be affected by factors such as geopolitical events, economic conditions, and investor sentiment. Notable highlights during the share price history may include major economic announcements, central bank decisions, and geopolitical tensions, which may impact the demand and price of gold. As the market conditions are subject to change, it is crucial to stay updated with the latest developments and consult reliable financial sources when considering trading this stock.
Before trading the SPDR Gold Trust stock, it's worth considering the following competitors in the gold ETF space:
- iShares Gold Trust (IAU.US): This ETF also provides exposure to the price of gold and has a similar objective to GLD. It is one of the largest and most actively traded gold ETFs.
- Aberdeen Standard Physical Gold Shares ETF (SGOL.US): This ETF offers investors exposure to physical gold by holding allocated gold bullion in secure vaults. It aims to track the performance of the gold price and has gained popularity among investors.
- VanEck Merk Gold Trust (OUNZ.US): This ETF allows investors to hold gold in physical form or opt for delivery. It provides flexibility for investors who may choose to take delivery of gold coins or bars.
These competitors offer alternative investment options in the gold ETF space and may be worth considering based on an investor's specific preferences and investment strategy.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
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