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SPDR Gold Shares ( (GLD) ) has provided an announcement.
In a recent interview, George Milling-Stanley of State Street Global Advisors highlighted the transformative impact of the GLD’s launch 20 years ago, which democratized gold investing by reducing physical possession needs. This shift has significantly altered the gold demand landscape, with investment now accounting for about 30% of total demand, up from 10% in 2004, effectively reducing the jewelry sector’s dominance in gold demand. This evolution underscores the strategic shift in gold investment dynamics, potentially affecting supply-demand balance and investor strategies.
More about SPDR Gold Shares
SPDR Gold Shares is a company within the financial industry, focusing on gold investments. It offers products that allow investors to gain exposure to gold price movements without physically owning the metal, in partnership with State Street Global Advisors.
YTD Price Performance: 5.35%
Average Trading Volume: 6,719,405
Current Market Cap: $77.47B
For a thorough assessment of GLD stock, go to TipRanks’ Stock Analysis page.
