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As of September 16, 2026, SPDR Gold MiniShares Trust (GLDM) trades at $85.00. RSI at 28 is in oversold territory, and the price is above its 50-day average of $84.49.
SPDR Gold MiniShares Trust (GLDM)
SPDR Gold MiniShares Trust NYSE
$85.00
0.2700 (0.32%)
At close: Sep 15, 4:00 PM EDT
AI Analyst Consensus
70 / 100
SPDR Gold MiniShares Trust (GLDM) offers investors direct exposure to gold bullion prices, holding physical gold bars. The fund's strategy is to track the spot price of gold, making it a straightforward vehicle for commodity allocation and diversification. Managed by State Street, GLDM is a liquid and transparent way to gain precious metals exposure without the need for physical storage. The fund's recent performance shows a YTD return of 5.85%, though it has underperformed its category return of 29.92% over the same period. Despite a recent price drop above its 50-day SMA ($84.49) but below its 200-day SMA ($89.65), the fund's long-term trailing returns, particularly over 3 and 5 years, remain strong.
GLDM Price Analysis
Market Metrics
Open
$84.79
Day Range
$84.53 to $85.27
Prev Close
$84.73
Volume
2.87M
52-Week Range
$69.98 to $109.74
GLDM Fund Facts
SPDR Gold MiniShares Trust is a gold-backed exchange-traded fund designed to provide direct exposure to the price of gold bullion through physically held gold bars. The fund’s shares represent beneficial interests in a trust that primarily holds gold, with cash or receivables used only as needed for operations. SPDR Gold MiniShares Trust is used by investors seeking a simple, exchange-traded way to access precious metals without buying or storing physical bullion.
Issuer
State Street Investment Management
Category
Commodities Focused
Inception
Jun 25, 2018
Expense ratio
0.10%
Net assets
$32.79B
NAV
$87.33
Distribution yield
0.00%
YTD return
5.85%
Turnover
0.00%
Trailing returns vs category
| Period | GLDM | Category |
|---|---|---|
| YTD | 5.85% | 29.92% |
| 1 month | 13.31% | 3.11% |
| 3 months | 0.34% | 11.90% |
| 1 year | 32.93% | 71.37% |
| 3 years | 32.80% | 17.21% |
| 5 years | 20.12% | 12.75% |
| 10 years | N/A | 7.26% |
Fund reference data as of Sep 16, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
GLDM Analysis
AI Technical Analysis
GLDM is currently trading above its 50-day SMA ($84.49) of $84.49 and its 200-day SMA of $89.65, indicating a bearish trend. The 20-day EMA is at $86.70, also above the current price. The Relative Strength Index (RSI) is at 27.64, which is considered oversold. The MACD is slightly negative at -0.033, suggesting bearish momentum. The Stochastic indicator is low at 7.03, reinforcing the oversold condition. The Commodity Channel Index (CCI) is at -108.08, further indicating that the price is significantly below its typical range.
ProTips
- Consider GLDM for tactical allocation during periods of high inflation or market uncertainty.
- Monitor gold price action relative to key moving averages (50-day and 200-day SMA) for trend confirmation.
- Utilize the oversold RSI reading as a potential entry signal, but await confirmation from price action.
- Compare GLDM's performance against other gold ETFs and broader commodity indices.
Market Outlook
The outlook for GLDM is cautiously optimistic, leaning on its oversold technical indicators and strong long-term performance history. While currently trading below key moving averages, the RSI suggests a potential for a near-term bounce. The gold market's sensitivity to inflation and geopolitical events could provide tailwinds. A sustained move above the 50-day SMA ($84.49) would be a key signal of a trend reversal. Investors should monitor macroeconomic data and central bank communications for shifts in gold's appeal. Over the next 6-12 months, GLDM could see a recovery if inflation concerns persist or if global uncertainty increases, driving demand for gold as a safe-haven asset. Conversely, a significant rise in real interest rates or a strong dollar could pressure gold prices lower, impacting GLDM's performance. The fund's low expense ratio and substantial assets under management provide a stable foundation for tracking gold prices.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)
+0.17
Weak correlation
Nasdaq 100 (QQQ)
+0.19
Weak correlation
Bitcoin (BTC)
+0.13
Weak correlation
Gold (XAU)
+0.98
Strong correlation
Check Custom Correlation
How does any other asset move with GLDM? One year of daily closes, Pearson correlation.
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Key Statistics
| Yield | N/A |
|---|---|
| Day High | $85.27 |
| Day Low | $84.53 |
| 52 Week High | 109.74 |
| 52 Week Low | 69.98 |
As a gold-backed ETF, GLDM's fundamental analysis centers on the gold market itself. The fund holds physical gold bullion, with its value directly tied to the price of gold. The sector is influenced by macroeconomic factors such as inflation expectations, central bank policies, and geopolitical stability. GLDM's expense ratio is a low 0.10%, costing $10.00 per $10,000 invested annually. The fund has substantial net assets of $32.79 billion, indicating significant investor interest and liquidity. Its sector allocation is concentrated in gold, with 'others' at 1% likely representing operational cash or receivables.
Earnings & Growth Analysis
Its performance is driven by the price fluctuations of gold bullion. Sector-wide trends in gold prices are influenced by global economic conditions, inflation hedging demand, and central bank gold reserves. Investors use GLDM as a way to gain exposure to the commodity's price movements, which can be seen as a proxy for the 'earnings' or value appreciation of gold itself.
Key Risks
The primary risk for GLDM is the volatility of gold prices, which can be influenced by a wide range of global economic and geopolitical factors. Concentration risk is also a factor, as the fund's performance is tied almost exclusively to a single commodity. While the expense ratio is low, any significant downturn in the gold market would directly impact the fund's value. Additionally, changes in monetary policy or a strong U.S. dollar can negatively affect gold prices.
Technical Indicators
| RSI (14) | 27.64 |
|---|---|
| MACD | -0.03 |
| SMA 50 | 84.49 |
| SMA 200 | 89.65 |
RSI
Oversold
SMA Cross
Bearish
Price vs SMA
Bullish
MACD
Neutral
Moving averages show a lagging Death Cross (50-day: $84.49, 200-day: $89.65), price sits above the 50-day SMA but below the 200-day SMA - a mixed posture, RSI at 27.6 suggests oversold conditions; potential bounce setup.
GLDM Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative
2%
Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Long entry pick an entry style
Conservative
$83.30
2% below current price (Pullback entry)
Lower risk, wait for pullback
Aggressive
$85.00
Buy at current price
Higher risk, immediate entry
Risk Management
STOP LOSS
$80.55
MAX LOSS
-3.3%
Volatility-Adjusted Stop Loss
Calculated based on RSI (27.6) and current market volatility
Profit Targets (Based on Conservative Entry)
TARGET 1
$87.47
+5% (Conservative)
+2.9% (Aggressive)
TARGET 2
$91.63
+10% (Conservative)
+7.8% (Aggressive)
TARGET 3
$95.80
+15% (Conservative)
+12.7% (Aggressive)
Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3
Calculate Your Trade
ETF Investment Disclaimer
This AI-generated analysis of GLDM is for educational purposes only and does not constitute investment advice. ETFs are subject to market risk including possible loss of principal. Performance depends on the underlying index or assets tracked. Read the fund prospectus before investing. Past performance does not guarantee future results. Generated on September 16, 2026.Growth of $10,000
A $10,000 investment in GLDM in June 2018 would be worth about $33,762 today, compared with about $27,886 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in GLDM today could grow to about $29,165 by 2036 in the base case, with a bull case near $58,878 and a bear case around $14,447. Projections are statistical simulations, not guarantees.
GLDM ETF Price Prediction: 2030
CleaRank's simulation projects a price near $130 for GLDM by 2030 in the base case, from $85.00 today (1.5x over 4 years). The downside path ends near $83.64. These are outcomes of a Monte Carlo simulation run on GLDM's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $75.76 | $94.60 | $118 |
| 2028 | $76.90 | $105 | $144 |
| 2029 | $79.76 | $117 | $172 |
| 2030 | $83.64 | $130 | $203 |
| 2031 | $88.33 | $145 | $239 |
| 2032 | $93.76 | $162 | $278 |
| 2033 | $99.90 | $180 | $324 |
| 2034 | $107 | $200 | $375 |
| 2035 | $114 | $223 | $434 |
| 2036 | $123 | $248 | $500 |
Method: 10,000 simulated price paths using GLDM's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
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Frequently Asked Questions
What is the expense ratio for GLDM and what does it cost per $10,000 invested?
The expense ratio for the SPDR Gold MiniShares Trust (GLDM) is 0.10%. This translates to an annual cost of $10.00 for every $10,000 invested in the fund.
What sectors does GLDM hold and how concentrated is its portfolio?
GLDM is a gold-backed ETF, meaning it primarily holds physical gold bullion. Its sector concentration is therefore entirely within the precious metals commodity sector, with minimal allocation to other assets.
How has GLDM performed against its category over different timeframes?
GLDM's trailing returns show it has outperformed its category over 3-year (32.80% vs 17.21%) and 5-year (20.12% vs 12.75%) periods. However, it has underperformed its category year-to-date (5.85% vs 29.92%) and over the past year (32.93% vs 71.37%).
What is the current price prediction for GLDM ETF in 2030?
Based on Monte Carlo simulations, the projected base price for GLDM in 2030 is $130.43, with a downside projection of $83.64 and an upside projection of $203.38. These are statistical outcomes, not guarantees.
What is the current price and technical condition of GLDM?
As of September 16, 2026, GLDM is trading at $85.00. Its RSI at 27.6, indicating oversold conditions, and it is trading above its 50-day SMA ($84.49) but below its 200-day SMA ($89.65).
What is the dividend yield for GLDM?
The SPDR Gold MiniShares Trust (GLDM) does not offer a dividend yield; its yield is listed as N/A.
What are the main risks associated with investing in GLDM?
The primary risks include the inherent volatility of gold prices, concentration risk due to its sole focus on gold, and potential negative impacts from changes in monetary policy or a strengthening U.S. dollar.