Definition: GLD
List of Gold ETFs
List of SPDRs
List of Precious Metal ETFs
List of Commodity ETFs
Name: SPDR Gold Shares ETF
ETF Provider: World Gold Trust Services and State Street Global Markets
Asset Tracked: Gold Bullion
Category: Gold ETF, Commodity ETF, SPDR
Description: GLD tracks the price performance of the gold bullion. Owners of the ETF do not actually own the gold assets, they are held by a Trust. The Trust is expected to issue baskets in exchange for deposits of gold for when the baskets are redeemed. The gold in the trust will only be sold on an as-needed basis to pay trust expenses.
The spot price for gold bullion is determined by market forces in the 24-hour global over-the-counter (OTC) market for gold.
ETF Lists:
