Why SPDR Gold Shares moves
SPDR Gold Shares Arca fell, an ordinary day.
Written after the close on ·
Why today
16,437 news analyzed todaySPDR Gold Shares Arca fell, an ordinary day.
The fund moved against the S&P 500, which rose slightly over the same session.
No company news explains the move, since this is a gold fund rather than a company.
Over the last five trading days, GLD rose sharply while the S&P 500 fell sharply, a big move for this fund.
Gold's rebound and central bank buying have likely supported the fund, while Goldman Sachs' lower gold forecast and a firmer Fed weighed on it.
Today's move of −0.79% was 1.0 times a normal day's 0.8%. S&P 500 moved +0.31% on the same day.
SPDR Gold Shares −0.79%S&P 500 +0.31%Against the market
$10,000 in SPDR Gold Shares bought on November 7, 2016 is worth $30,500 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in SPDR Gold Shares be worth today? →
What would $10,000 in SPDR Gold Shares be worth today?
$30,500
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
At worst it was worth $8,790 (December 15, 2016).
The five biggest days of the journey
· −10.3% · the whole market fell 0.4% the same day
· −6.4% · the whole market was unchanged the same day
· +6.4% · the whole market fell 0.8% the same day
· −5.4% · the whole market fell 0.8% the same day
· +4.9% · the whole market rose 9.4% the same day
Earlier days
+4.71% market −2.70% SPDR Gold Shares rose sharply over the week while the S&P 500 fell sharply, so it moved against the market. Read →
SPDR Gold Shares rose sharply over the week while the S&P 500 fell sharply, so it moved against the market.
The move was big for this fund, about twice a normal five-day stretch.
Gold rallied after a sell-off in gold and the broader market, partly as investors bought gold as a store of value.
Moves this big have happened about eleven times in the past year.
+0.81% market −4.41% SPDR Gold Shares rose, moving against a sharply lower S&P 500. Read →
SPDR Gold Shares rose, moving against a sharply lower S&P 500.
Gold rallied above $4,100 as the Nasdaq 100 fell and bets on a December Fed rate hike faded, which likely lifted the fund.
Over the last five trading days it rose slightly, an ordinary-sized move for this fund.
Higher gold prices lift GLD, while a stronger dollar and higher interest rates usually weigh on it.
+3.68% market +1.65% SPDR Gold Shares rose after gold climbed above $4,000. Read →
SPDR Gold Shares rose after gold climbed above $4,000.
The S&P 500 also rose sharply that day, so the gain was not only a market move.
Gold climbed above $4,000 after Democrats won big in the midterm elections, as the dollar and bond yields fell.
A weaker dollar and lower Treasury yields usually make gold more attractive, and that likely helped drive the rise.
Over the last five trading days, GLD was roughly unchanged while the S&P 500 fell slightly.
−0.66% market +0.30% SPDR Gold Shares fell slightly. Read →
SPDR Gold Shares fell slightly.
No company news explains it.
Over the last five trading days it fell clearly, moving more than the S&P 500, which also fell.
Gold fund shares usually track gold prices, which are pushed by interest rates, fund flows and the wider market.
Rising US bond yields, which make gold less attractive, were reported as weighing on gold on the last session.
+1.65% market −0.48% SPDR Gold Shares rose, moving against a slightly lower S&P 500. Read →
SPDR Gold Shares rose, moving against a slightly lower S&P 500.
The rise came as gold bounced on softer oil prices, which eased worries about further Federal Reserve rate hikes.
Over the last five trading days, GLD fell slightly, moving in line with a clearly weaker S&P 500.
It sits near its lowest close of the past year, set in late October, after gold hit a one-year low earlier this period.
−3.47% market −1.77% SPDR Gold Shares fell sharply. Read →
SPDR Gold Shares fell sharply.
Over the same day, the S&P 500 fell sharply, so GLD moved more than the market.
Rate-hike bets make gold less attractive because it pays no interest.
Heavy selling in technology stocks also pushed investors out of riskier assets, and trading volume was about twice a normal session.
−2.95% market −0.56% SPDR Gold Shares fell clearly over the week and dropped more than the S&P 500, which slipped only slightly. Read →
SPDR Gold Shares fell clearly over the week and dropped more than the S&P 500, which slipped only slightly.
Gold sank toward a one-year low as a tech selloff and worries about inflation and possible Fed rate hikes weighed on the metal, and gold-backed funds like GLD followed it lower.
Trading was heavier than usual, and the shares sit near their lowest level of the past year.
There was no direct company news about the fund itself this week, so the move reflects the gold market.
−1.32% market −0.38% SPDR Gold Shares fell, more than the market. Read →
SPDR Gold Shares fell, more than the market.
No company news explains it, as the fund has no company.
Over the last five trading days it was roughly unchanged, while the S&P 500 rose slightly.
Gold's own moves likely drove the drop, with rate-hike worries lifting the dollar and reducing gold's appeal.
+0.33% market +0.34% SPDR Gold Shares rose with the market. Read →
SPDR Gold Shares rose with the market.
SPDR Gold Shares is an exchange-traded fund that tracks the price of gold.
In the last session it was roughly unchanged, while the S&P 500 rose slightly, so it moved less than the market.
That was an ordinary-sized move for the fund.
−4.03% market −0.43% SPDR Gold Shares fell clearly over the last five trading days, more than the broader market, which dipped slightly. Read →
SPDR Gold Shares fell clearly over the last five trading days, more than the broader market, which dipped slightly.
Gold also slipped on oil price moves and Middle East signals, while US jobless claims near multi-decade lows reinforced rate-hike expectations.
The fund's latest close sits near its lowest level of the past year, though the move itself was an ordinary size for it.
−2.63% market −1.18% SPDR Gold Shares fell sharply; no company news explains it. Read →
SPDR Gold Shares fell sharply; no company news explains it.
SPDR Gold Shares fell clearly over the last five trading days, a big move for this fund.
Over the last session it fell sharply, about as much as the S&P 500, which also fell sharply.
Trading volume was roughly double its usual level, so the selling was heavy.
That day's news about jobless claims near multi-decade lows may have strengthened the dollar and cut gold's appeal, but this is only a likely partial cause.