SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Reaches New 1-Year High – Here’s Why

SPDR Gold MiniShares Trust (NYSEARCA:GLDM)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $100.76 and last traded at $100.7840, with a volume of 2172642 shares traded. The stock had previously closed at $98.61.

Key Headlines Impacting SPDR Gold MiniShares Trust

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

• Positive Sentiment: Record gold rally and safe‑haven flows lifted bullion prices, directly supporting GLDM which tracks physical gold exposure. Gold races to $5,100 record peak on safe‑haven demand
• Positive Sentiment: Tether added ~27 metric tons of gold to its fund exposure in Q4 — another source of demand from large institutional/crypto players that can underpin bullion and GLDM flows. Tether says it bought 27 tons of gold in fourth quarter
• Positive Sentiment: Analysts and strategists project further upside (SocGen and others see multi‑thousand dollar targets), reinforcing momentum narratives that attract ETF inflows into products like GLDM. Gold is headed to $6,000 this year and that is a ‘conservative estimate’ – SocGen
• Positive Sentiment: Weakening US dollar and heightened geopolitical risks are cited repeatedly as drivers of the rally — a macro backdrop favorable for gold ETFs such as GLDM. Gold News: XAU Breakout Above $5000 Driven by Geopolitical Chaos & Weak Dollar
• Positive Sentiment: Broad precious‑metals strength and miner rallies underscore flows into the sector, often correlated with ETF demand that can boost GLDM liquidity and price. Newmont, Freeport, and Other Mining Stocks Jump as Gold Surges
• Neutral Sentiment: Economic datapoints (eg, stronger US durable‑goods) so far have not dented the gold uptrend; watch incoming US data and earnings for near‑term volatility cues. Gold Rises Over 2%; US Durable Goods Orders Jump In November
• Negative Sentiment: Analysts warn the rally is parabolic and a Fed meeting/earnings season could trigger sharp pullbacks — elevated prices and strong momentum increase correction risk for GLDM. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Gains 10% As Historic Rally Continues

SPDR Gold MiniShares Trust Stock Up 0.9%

The stock’s 50 day moving average is $86.52 and its 200 day moving average is $77.71.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Deane Retirement Strategies Inc. grew its holdings in SPDR Gold MiniShares Trust by 126.4% during the 3rd quarter. Deane Retirement Strategies Inc. now owns 335 shares of the company’s stock valued at $26,000 after buying an additional 187 shares during the last quarter. Accredited Wealth Management LLC lifted its position in shares of SPDR Gold MiniShares Trust by 174.4% in the third quarter. Accredited Wealth Management LLC now owns 343 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of SPDR Gold MiniShares Trust in the second quarter valued at $28,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of SPDR Gold MiniShares Trust during the second quarter valued at $31,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in SPDR Gold MiniShares Trust during the 2nd quarter worth about $31,000.

SPDR Gold MiniShares Trust Company Profile

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.