SPDR Gold Shares (NYSEARCA:GLD) Hits New 52-Week High – Here’s What Happened

SPDR Gold Shares (NYSEARCA:GLD)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $424.05 and last traded at $424.2460, with a volume of 4381114 shares. The stock had previously closed at $414.47.

Key Stories Impacting SPDR Gold Shares

Here are the key news stories impacting SPDR Gold Shares this week:

• Positive Sentiment: DOJ probe into Fed Chair Powell revived concerns over Fed independence and boosted safe‑haven buying, sending gold to new records and supporting ETF demand. Gold Breaks Through $4,600 on Fed Concerns, Haven Boost
• Positive Sentiment: Major outlets report gold smashing above $4,600 as investigations and global flashpoints ignite a rush into bullion — a direct tailwind for GLD and other physical‑backed ETFs. Gold smashes new record of $4,600 as Powell probe and global flashpoints ignite safe-haven rush
• Positive Sentiment: Coverage links the political/DOJ developments directly to market flows into gold; Kitco highlights new highs above $4,600 and notes the threat to Fed policy independence as a driver of the rally. Gold hits new highs above $4,600 as Trump’s DoJ threatens Federal Reserve monetary policy independence
• Positive Sentiment: Analysts and ETF commentators (Zacks, FXEmpire) note that dovish rate expectations and safe‑haven flows favor continued ETF inflows — supportive for GLD if monetary‑policy uncertainty persists. Gold Hits Record High on Political Uncertainty: Can the ETF Rally Last?
• Neutral Sentiment: Intraday technical and trade‑level analysis provides entry/exit reference points for active traders but does not change the fundamental safe‑haven narrative; useful for short‑term timing around GLD flows. Gold market analysis for January 12 – key intra-day price entry levels for active traders
• Neutral Sentiment: Market watchers point to the U.S. dollar and DOJ headlines as the immediate items to watch; further developments could either extend ETF inflows or reverse moves if policy clarity returns. What I am Watching Today: The US Dollar and the Department of Justice

SPDR Gold Shares Stock Up 2.4%

The firm has a market cap of $158.37 billion, a P/E ratio of -32.43 and a beta of 0.09. The company’s 50 day simple moving average is $390.08 and its 200-day simple moving average is $352.26.

Institutional Investors Weigh In On SPDR Gold Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in SPDR Gold Shares by 20.4% in the fourth quarter. Brighton Jones LLC now owns 11,246 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 1,903 shares during the period. Bison Wealth LLC lifted its holdings in shares of SPDR Gold Shares by 77.8% during the 4th quarter. Bison Wealth LLC now owns 5,941 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 2,600 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of SPDR Gold Shares in the 1st quarter worth $16,014,000. Jones Financial Companies Lllp grew its stake in SPDR Gold Shares by 48.2% during the 1st quarter. Jones Financial Companies Lllp now owns 123,997 shares of the exchange traded fund’s stock worth $35,227,000 after buying an additional 40,351 shares during the last quarter. Finally, HBW Advisory Services LLC increased its position in SPDR Gold Shares by 41.6% during the 2nd quarter. HBW Advisory Services LLC now owns 4,938 shares of the exchange traded fund’s stock valued at $1,505,000 after buying an additional 1,450 shares in the last quarter. Institutional investors own 42.19% of the company’s stock.

About SPDR Gold Shares

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.