The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

GLD

Concerning the House

The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. 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 Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Gross profit$0+23.5%
Operating income-$136.08M
Net income$5.06B+4.2%
Cash from ops$0
Quotation

$398.96

-5.96 (-1.5%)

52w hi$495.90
52w lo$305.27
Vol8.31M
As ofAug 13
The Verdict

Sell

Our score -0.81

Short-0.55
Medium-0.98
Long-1.00

computed 2026-08-13

By the Numbers

SPDR Gold Shares

— · —

Market cap
Enterprise value
Trailing P/E
Forward P/E
EV / EBITDA
P / S (ttm)
Profit margin
Return on equity
Revenue growth
Earnings growth
Debt / equity
Risk Metrics
Beta vs SPX0.24
Corr SPX0.17
Annual vol23.6%
Annual ret+31.7%
Sharpe1.34
Max DD-26.4%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental-0.02
Sector
Technical-0.34
Earnings+0.00
Sentiment-0.07

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$402.17$402.58$398.28$398.968.31M
Aug 12$405.31$407.36$403.22$404.9210.38M
Aug 11$403.44$404.03$399.89$400.967.44M
Aug 10$397.71$403.24$395.93$402.5411.06M
Aug 7$399.60$400.66$396.95$398.4713.32M