SPDR Gold Trust (GLD)
The GLD ETF seeks to reflect the performance of the price of gold bullion. GLD is a relatively straightforward product; the underlying assets consist of gold bullion stored in secure vaults. As such, the price of this ETF can be expected to move in lockstep with spot gold prices. The GLD ETF Shares represent a cost-effective investment in gold. This ETF is traded in USD currency & pays no dividend.
Asset Class | Commodity ETF
Coverage | 100% Gold
AUM | US$ 78B
Avg Daily Trgd Vol | 14M Shares (US$ 2.56B)
Expense Ratio | 0.4%
Holdings | Gold
Dividend Yield | Nil
P/E Ratio | Not applicable
Technical Analysis
GLD is in a long term uptrend channel still intact. Price is now touching the midterm support line. No clear indication of whether the support line will remains firm or break.
Conclusion
Hold & do nothing for now. Wait for a clearer signal a few days later.
Investment return @ average 9.37% per year (Dec 04 – Aug 20). GLD is suitable for use in long term investment strategy.
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