SPDR Gold Shares

SPDR Gold Shares (GLD) is an exchange-traded product that holds physical gold bullion and trades in the US on NYSE Arca under the ticker GLD. Structurally, it is not a conventional equity fund but a trust that lets investors track the price of gold without owning the metal directly.

The fund's sponsor is World Gold Trust Services, LLC; The Bank of New York serves as trustee, and State Street Global Advisors Funds Distributors acts as marketing agent. The fund's assets consist of gold bars held in vaults for which JPMorgan Chase Bank and HSBC Bank plc provide custody; independent auditors regularly count the gold in the vaults. The fund aims to reflect the value of gold after expenses, and the LBMA afternoon gold price is used as the benchmark. It does not hold stocks or futures contracts.

Key factors affecting the gold price include real interest rates, the US dollar, central bank purchases, geopolitical risks and inflation. GLD's market price can briefly diverge from the fund's net asset value (NAV). The GLD page on Lzzo.com shows the price in dollars, conversion into Turkish lira, euros or pounds sterling, a historical chart, technical indicators, the data source and the time of the last update.