SSgA SPDR Gold Shares

Latest SSgA SPDR Gold Shares News and Updates

  • uploads///Valuation
    Earnings Report

    What Could Drive IAMGOLD Corp.’s Valuation Going Forward?

    IAG stock could continue to gain traction due to its high operational leverage, at least as long as the upward trend in gold prices continues.

    By Anuradha Garg
  • uploads///gOLD
    Materials

    Gold and Silver Fell on July 22

    At 2:50 PM EDT on July 22, precious metal producers Barrick Gold (ABX), Newmont Mining (NEM), and Royal Gold (RGLD) gained ~1%, ~2.0% ,and ~0.77%, respectively.

    By Val Kensington
  • uploads///Gold Prices Have Declined Lately Due to Rising Real Rates
    Real Insights

    Gold Prices Have Been Flat despite the Weak Dollar

    Gold (IAU) (GLD) prices usually have a strong negative correlation with the US dollar (UUP). Gold, like other commodities, is denominated in the dollar.

    By VanEck
  • uploads///Highlights
    Earnings Report

    Understanding IAMGOLD’s 2Q17 Earnings Highlights

    IAMGOLD’s (IAG) 2Q17 production was 223,000 ounces of gold—growth of 26,000 ounces or 13% year-over-year (or YoY).

    By Anuradha Garg
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    Macroeconomic Analysis

    What Caused the Fall in Precious Metals?

    Gold prices plummeted on Wednesday, January 25, 2017, and gave the lowest close in recent weeks.

    By Meera Shawn
  • uploads///Gold versus Two and Ten Year Interest Rates
    Macroeconomic Analysis

    How Much Does the US Interest Rate Influence Gold?

    Gold and interest rates have a close inverse relationship. The higher the rate for Treasuries, the lower the demand for non-yield-bearing assets such as gold and silver.

    By Meera Shawn
  • uploads///Commo
    Miscellaneous

    Commodities Are Mixed in the Early Hours on March 19

    At 6:05 AM EST on March 19, the West Texas Intermediate crude oil futures for May 2018 delivery were trading at $62.20 per barrel—a drop of 0.34%.

    By Val Kensington
  • uploads///Central banks purchases
    Macroeconomic Analysis

    Do Central Bank Gold Holdings Point to a Bright Future for Gold?

    Central banks have been net buyers of gold since the beginning of the financial crisis of 2008.

    By Anuradha Garg
  • uploads///ETFs
    Financials

    Why investors should watch ETF holdings closely

    Outflows from exchange-traded funds (or ETFs) led to an ~28% fall in gold prices in 2013. They sold a combined 881 tons of gold. Investors should monitor the change in ETF holdings.

    By Anuradha Garg
  • uploads///AISC
    Materials

    Goldcorp’s cost reduction compared to its peers

    Goldcorp’s (GG) all-in sustaining costs (or AISC) are falling. In 2013, its AISC was $1,031 per ounce. It expects the AISC to be in the range of $950–$1,000 for 2014.

    By Anuradha Garg
  • uploads///Intro
    Materials

    Key Insights from Goldcorp’s 3Q17 Earnings

    Goldcorp (GG) reported its 3Q17 results after the market closed on October 25, 2017. It reported EPS (earnings per share) of $0.13, which beat analysts’ expectations by $0.02.

    By Anuradha Garg
  • uploads///goldcboe
    Company & Industry Overviews

    How Stocks and Bonds Reacted to Trump’s Victory

    The CBOE Volatility Index suddenly rose 6.0% on November 9, 2016, after it was clear that Trump had unexpectedly clinched the election.

    By Russ Koesterich, CFA
  • uploads///WTI
    Materials

    Low crude oil prices impact gold

    Cheaper oil means lower inflation. This means gold should be affected negatively since it’s usually considered a hedge against inflation.

    By Anuradha Garg
  • uploads///Gold
    Materials

    Gold Rose amid Increased Demand for Safe-Haven Assets

    These economic concerns and monetary stimulus expectations have decreased the probability of an interest rate hike by the US Federal Reserve, and the chances of an interest rate hike in July dropped to zero.

    By Val Kensington
  • Financials

    Things you need to do today before inflation takes off

    So what should investors be doing today? While inflation may take another year or more to get going, it’s not too early to start implementing long-term inflation hedges.

    By Russ Koesterich, CFA
  • Financials

    4 must-know facts about rising inflation and your portfolio

    Recent readings have shown that inflation has stabilized, which is a good thing, but signs of an imminent acceleration in inflation are still scant.

    By Russ Koesterich, CFA
  • uploads///Miners performance
    Materials

    Assessing variables that drive the outlook for gold prices

    Physical buying from China and India should support the demand for gold. But a rate hike by the Fed could be the catalyst that could take gold down.

    By Anuradha Garg
  • uploads///Palladium Candlestick Chart
    Macroeconomic Analysis

    Palladium Trades at Multiyear Low Owing to Chinese Slump

    Palladium has seen six out of seven down trading days as of January 12. The recent stock market slump in China, which caused global tumult, hurt palladium.

    By Meera Shawn
  • uploads///copper
    Macroeconomic Analysis

    Copper, Gold, and Silver Are Trading Lower on Thursday Morning

    Copper is trading lower on Thursday. At 6:36 AM EST, the COMEX copper futures contract for July delivery was trading at $2.06—a decline of 1.1%.

    By Val Kensington
  • uploads///AISC
    Materials

    These Gold Miners Surprised Us with Unit Costs in 3Q17

    AISC (all-in sustaining costs) are an encompassing measure that helps compare miners’ performance—a vital metric for investors. They show the company’s margin cushion at prevailing gold prices (GLD)(IAU).

    By Anuradha Garg
  • uploads///US NFP
    Materials

    How US labor conditions impact gold investors

    It’s important to keep an eye on labor conditions since they offer a look at the future direction of gold prices and ultimately gold-backed ETFs.

    By Anuradha Garg
  • uploads///dbdeebcededbdfdd
    Macroeconomic Analysis

    Gold ETFs and Miners Taking Cues from Rate Hike Conundrum

    Investments in the precious metals sector—including mining—substantially depend on the rate hike conundrum.

    By Meera Shawn
  • Materials

    Lagunas Norte: Increasing Barrick’s cost per unit

    Lower ore grade increases the amount of waste stripping required—in order to extract some volume of ore—as a result of mining more tons of waste.

    By Anuradha Garg
  • uploads///gold
    Macroeconomic Analysis

    Gold Trading around $1,300, Silver Declines

    At 8:45 AM Eastern time, gold futures contracts for June delivery were trading at $1,298.75 per ounce, a gain of 0.23%. Silver was trading at $17.59 per ounce, a loss of 0.37%.

    By Val Kensington
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    Macroeconomic Analysis

    How Closely Are Equities Tracking Gold?

    Precious metals often run in the opposite direction of stocks. Whenever the risk appetite of investors is high, stocks tend to perform well.

    By Meera Shawn
  • uploads///Crude Oil Performance Relative To The Commodity Complex
    Miscellaneous

    Why Did Crude Oil Fall 2.2% Last Week?

    US crude oil prices (USO) (OIIL) fell by 2.2% in the week ended June 17, 2016. Crude oil closed at $47.98 per barrel on the same day.

    By Rabindra Samanta
  • uploads///Non farm
    Materials

    Why Is Gold Struggling at a 1-Week Low on August 8?

    At 2:40 PM EST on August 8, the COMEX gold futures contract for December delivery was trading at $1,341.35 per ounce—a drop of ~0.23%.

    By Val Kensington
  • uploads///Federal Surplus or Deficit as Percent of Gross Domestic Product
    Miscellaneous

    Economists Disagree with Trump’s Fiscal and Trade Deficit Views

    Donald Trump has been vociferous about cutting taxes. He intends to reduce the current seven tax brackets to three.

    By David Ashworth
  • uploads///Initial
    Macroeconomic Analysis

    Copper, Gold, and Silver Are Stable Early on October 7

    At 6:35 AM EST on October 7, the COMEX copper futures contract for December delivery was trading at $2.15 per pound—a fall of ~0.12%.

    By Val Kensington
  • uploads///Copper
    Materials

    Why Is Gold Trading at Its Lowest Price Levels in 3 Weeks?

    The market is anticipating the speech by the Federal Reserve chair, Janet Yellen, at the annual central bankers meeting to be held in Jackson Hole, Wyoming, on August 26.

    By Val Kensington
  • Financials

    Why US public debt increased year-over-year in FY14

    U.S. public debt is the amount owed by the federal government in terms of outstanding treasury securities. For September 2014, U.S. debt to GDP was 102.9%.

    By Anuradha Garg
  • Financials

    Why the US real interest rates stabilized in September

    Real interest rates are adjusted for inflation. As real interest rates rise, other investments usually become more attractive. This reduces the demand for gold and vice versa.

    By Anuradha Garg
  • uploads///ACWI
    Financials

    Must-know: Which safe havens are truly safe?

    Although not considered safe haven assets, in the current context of high geopolitical risk and consequently volatility, investors could consider investing in sectors like energy and large cap companies.

    By Russ Koesterich, CFA
  • uploads///Production
    Earnings Report

    Is There a Significant Upside to Goldcorp’s Production Guidance?

    In 2015, Goldcorp (GG) achieved record gold production of 3.5 million ounces. This is a solid 24% growth YoY. The company achieved its production guidance of 3.3–3.6 million ounces.

    By Anuradha Garg
  • uploads///Analysts
    Macroeconomic Analysis

    Are Analysts Turning Bullish on Gold Post-Brexit?

    According to the median of 12 forecasts in a Bloomberg survey of analysts and traders, gold prices could reach as much as $1,424 per ounce by the end of the year.

    By Anuradha Garg
  • uploads///geroge soros  million
    Financials

    Once Again, Soros Makes Money off the UK’s Woes

    Four days before the UK (EWU) decided to leave the European Union (VGK), Soros warned the markets of a “Black Friday” and a crash in the pound.

    By Surbhi Jain
  • uploads///performance
    Earnings Report

    Why execution is key to Barrick’s share price going forward

    Barrick’s high financial leverage is a key investor concern. Resolving this could lead to rerating of Barrick stock, a positive for Barrick’s share price.

    By Anuradha Garg
  • Materials

    What Goldcorp’s healthy prospects mean for investors

    Goldcorp’s asset portfolio is located in politically stable, low-risk jurisdictions in the Americas. This is one of Goldcorp’s key advantages. Many gold miners are facing political instability and taxation issues.

    By Anuradha Garg
  • uploads///Gold versus Two and Ten Year Interest Rates
    Macroeconomic Analysis

    Gold Fell as US Interest Rates Soared

    Investors were somewhat pessimistic about gold during the last quarter of 2016. Most of the fluctuations were due to the news of the interest rate hike.

    By Meera Shawn
  • Materials

    Why India’s real interest rates are moving up, affecting gold

    Tracking China and India’s inflation figures can give you insight into gold prices’ future direction. It also provides you a look into gold-backed exchange-traded funds (or ETFs) like the SPDR Gold Shares (GLD).

    By Anuradha Garg
  • uploads///India gold imports
    Macroeconomic Analysis

    India’s Slumping Gold Imports Are Bad News for Gold Investors

    India imported gold worth $1.97 billion in June—a fall of 37% YoY (year-over-year). That’s quite low compared to a rise of 10.50% YoY in May.

    By Anuradha Garg
  • uploads///Gold and SP  Performance
    Macroeconomic Analysis

    Strong Equity Markets Pinned Gold Lower

    As gold rose initially, the revival in the equity markets shadowed the precious metal. Silver maintained its gains. It’s used as an industrial metal.

    By Meera Shawn
  • uploads///Copper
    Macroeconomic Analysis

    How Were Copper, Gold, and Silver Trading on Monday?

    China’s better-than-expected growth in real estate investments in April supported copper prices on Monday.

    By Val Kensington
  • What Are Leon Cooperman’s Top Holdings?
    Financials

    What Are Leon Cooperman’s Top Holdings?

    In Q3, billionaire investor Leon Cooperman’s top five holdings were Fiserv, Alphabet, United Continental, Chimera Investment, and Cigna.

    By Rabindra Samanta
  • uploads///Valuatino
    Materials

    What Factors are Impacting Yamana Gold’s Valuation?

    Yamana Gold’s (AUY) valuation multiple has varied widely between 5.1x and 15.1x.

    By Anuradha Garg
  • uploads///IAU demand catagorized by purpose
    Materials

    Why demand for gold may be waning around the world

    The fraction of total gold output held by central banks around the world has continued to decrease over the last decade and a sharp reversal in this trend is unlikely.

    By Russ Koesterich, CFA
  • Materials

    Must-know: Why central bank policies impact gold price

    Central bank policies can have a significant impact on gold price. Central banks are a large gold holder. They own ~30,500 tons of gold. This is close to 20% of the gold ever mined. As a result, their policies on gold sales, gold purchases, and other monetary policies can have a significant impact on gold price.

    By Anuradha Garg
  • uploads///US Treasury Yield Curve
    Fund Managers

    Gundlach on Higher Yield: Watching the Copper-to-Gold Ratio

    Billionaire investor and bond guru Jeffrey Gundlach also shared his view on bond yields in an interview with CNBC.

    By Sarah Sands
  • federal reserve asset composition qepngautocompresscformatandixlibphp
    Financials

    Must-know: Why the Fed drove up emerging market asset prices

    Many economists, like the Nobel Prize–winning Paul Krugman, believe that the Fed acted as a “white knight” in 2008, saving the global economy in the dire aftermath of the financial crisis.

    By Liam Odalis
  • uploads///Goldcorp_AISC_New
    Company & Industry Overviews

    Will Goldcorp’s All-In Sustaining Costs Be Higher than Peers’?

    Goldcorp continued with its lower cost trend, as the key cost metric AISC (all-in sustaining costs) fell 21% YoY and remained almost flat QoQ in 3Q15.

    By Steve Ariel
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