SPDR Gold Shares (GLD) is an exchange-traded fund (ETF) designed to track the performance of the price of gold bullion. Launched in 2004, it was the first U.S.-listed ETF focused on gold, providing investors with a cost-effective and convenient method to gain exposure to the gold market without the challenges associated with purchasing, storing, and insuring physical gold.

Each share of GLD represents approximately one-tenth of an ounce of gold, backed by physical gold bars held in secure vaults. This structure allows GLD to closely mirror the spot price of gold, offering investors a liquid and accessible means to invest in the precious metal.

As of February 7, 2025, GLD’s market price was $263.96 per share, with an intraday high of $266.35 and a low of $263.26. The fund’s assets under management (AUM) stood at approximately $79.74 billion, reflecting its significant presence in the ETF market.

GLD has an expense ratio of 0.40%, which is higher than some of its competitors, such as the iShares Gold Trust (IAU) with an expense ratio of 0.25%. However, GLD’s higher liquidity often results in tighter bid-ask spreads, potentially offsetting the higher expense ratio for investors who prioritize ease of trading.

Investors often turn to GLD as a hedge against inflation and economic uncertainty. A 2024 survey indicated that 38% of U.S. investors held gold in their portfolios, up from 20% in 2023, with 57% viewing gold as a safe haven during market volatility and 51% considering it a hedge against inflation.

In terms of performance, GLD has shown a positive trend in recent weeks, with a 3.25% increase over the past two weeks as of February 7, 2025. Technical indicators suggest potential for further gains in the short term, though investors should remain mindful of gold’s inherent volatility.

In summary, GLD offers a practical and efficient way for investors to gain exposure to gold, combining the benefits of physical gold ownership with the liquidity and convenience of an ETF structure.