SPDR Gold Shares (NYSEARCA:GLD) Hits New 1-Year High – Time to Buy?

Shares of SPDR Gold Shares (NYSEARCA:GLD) hit a new 52-week high during trading on Monday . The company traded as high as $407.33 and last traded at $406.6320, with a volume of 2792183 shares traded. The stock had previously closed at $399.02.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold has surged to new record levels amid rising geopolitical tensions, boosting safe‑haven demand and driving flows into gold ETFs like GLD. Gold Climbs Above $4,500/oz for First Time Amid Rising Geopolitical Tensions
• Positive Sentiment: Unusually large call-option activity tied to GLD signals speculative and hedged bullish positioning that can amplify ETF inflows and upward price pressure. Traders Purchase Large Volume of SPDR Gold Shares Call Options (NYSEARCA:GLD)
• Positive Sentiment: Analysts and banks are pushing bullish forecasts and longer‑term demand narratives (rate‑cut expectations, institutional demand), supporting momentum and investor allocations to GLD. Gold (XAUUSD) & Silver Price Forecast: Higher Lows Hold as Markets Reprice 2026 Fed Cuts
• Positive Sentiment: Direct flows and institutional buying remain constructive — continued ETF inflows and large bilateral bullion purchases (e.g., China buying Russian bullion) lift market structure and support GLD. Largest bilateral gold trade in history? China buys nearly $1 billion in bullion from Russia in November alone
• Neutral Sentiment: Intraday volatility is present — some sessions showed pullbacks after U.S. data releases, indicating traders are reacting to macro prints even as the broader trend stays bullish. Spot gold slides to session low after U.S. Consumer Confidence falls to 89.1 in December
• Neutral Sentiment: Market commentary and technical analysis highlight continued constructive trends but also note key intra‑day and entry levels for traders — useful for short‑term positioning. Gold market analysis for December 23 – key intra-day price entry levels for active traders
• Negative Sentiment: Stronger-than-expected U.S. GDP prints could reduce the pace or probability of Fed cuts, which would likely remove some tailwinds for gold and could weigh on GLD if the data trend persists. Spot gold near $4,490/oz after U.S. GDP growth rises 4.3% in Q3

SPDR Gold Shares Price Performance

The firm’s 50 day moving average price is $382.75 and its 200-day moving average price is $343.41. The firm has a market cap of $149.70 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC increased its stake in SPDR Gold Shares by 31,232.8% during the second quarter. Laurel Wealth Advisors LLC now owns 2,922,406 shares of the exchange traded fund’s stock valued at $890,837,000 after acquiring an additional 2,913,079 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of SPDR Gold Shares by 2.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,531,196 shares of the exchange traded fund’s stock worth $899,764,000 after purchasing an additional 66,416 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of SPDR Gold Shares during the 3rd quarter worth approximately $556,282,000. Ameriprise Financial Inc. increased its position in shares of SPDR Gold Shares by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 1,555,831 shares of the exchange traded fund’s stock valued at $554,139,000 after purchasing an additional 50,756 shares during the period. Finally, 59 North Capital Management LP increased its position in shares of SPDR Gold Shares by 76.4% during the first quarter. 59 North Capital Management LP now owns 1,263,196 shares of the exchange traded fund’s stock valued at $363,977,000 after purchasing an additional 547,018 shares during the period. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Company Profile

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.