SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Reaches New 52-Week High – Still a Buy?

SPDR Gold MiniShares Trust (NYSEARCA:GLDM)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $91.28 and last traded at $91.3680, with a volume of 2782261 shares trading hands. The stock had previously closed at $89.23.

SPDR Gold MiniShares Trust News Roundup

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

• Positive Sentiment: Criminal probe into Fed Chair Jerome Powell has increased market stress, weakening the dollar and pushing investors into gold as a haven. ‘Sell America’ trade: Dollar drops, gold surges as Trump’s Fed pressure campaign raises fears about U.S. system
• Positive Sentiment: Spot gold hit new record levels above $4,600 as safe‑haven flows and haven demand accelerated, supporting higher ETF flows into products like GLDM. Gold Breaks Through $4,600 on Fed Concerns, Haven Boost
• Positive Sentiment: Escalating geopolitical risks (Iran, Venezuela and other flashpoints, plus broader political uncertainty) are boosting safe‑haven demand for gold and defense assets. Trump Greenland threat triggers search for shelter beyond gold, defence
• Positive Sentiment: Multiple market commentaries report powerful intra‑day rallies in gold and silver as risk aversion rises, reinforcing technical momentum that can attract ETF inflows. Powerful rallies send gold, silver to record highs amid risk aversion
• Positive Sentiment: Analysts and forecasters are watching the DOJ headlines and the dollar closely; commentary expecting continued dollar softness and Fed‑cut bets supports further upside in gold. What I am Watching Today: The US Dollar and the Department of Justice
• Neutral Sentiment: Intraday technical guides and entry levels for traders are being published; these help short‑term flows but are less informative on sustained ETF inflows. Gold market analysis for January 12 – key intra-day price entry levels for active traders
• Neutral Sentiment: Company‑specific small‑cap gold mining news (e.g., Nativo Resources) is not material to GLDM’s price drivers but reflects broader sector interest. Nativo Resources soars on Bonanza gold update
• Negative Sentiment: Analysts note technical resistance near ~$4,770/oz — a potential cap that could limit gold’s near‑term upside and temper inflows into gold ETFs if prices stall. Gold prices ride geopolitical shockwaves above $4,600, but real resistance lies at $4,770/oz – World Gold Council

SPDR Gold MiniShares Trust Stock Up 2.3%

The company has a 50 day moving average of $83.96 and a 200-day moving average of $75.79.

Hedge Funds Weigh In On SPDR Gold MiniShares Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in shares of SPDR Gold MiniShares Trust by 34.6% in the third quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $43,000 after buying an additional 145 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its stake in SPDR Gold MiniShares Trust by 0.5% in the second quarter. Legacy Capital Wealth Partners LLC now owns 32,922 shares of the company’s stock valued at $2,157,000 after acquiring an additional 153 shares during the last quarter. Private Trust Co. NA increased its stake in SPDR Gold MiniShares Trust by 3.9% in the second quarter. Private Trust Co. NA now owns 4,112 shares of the company’s stock valued at $269,000 after acquiring an additional 155 shares during the last quarter. LongView Wealth Management raised its position in SPDR Gold MiniShares Trust by 5.3% during the third quarter. LongView Wealth Management now owns 3,439 shares of the company’s stock valued at $263,000 after purchasing an additional 172 shares in the last quarter. Finally, Evolution Wealth Management Inc. lifted its stake in SPDR Gold MiniShares Trust by 55.1% during the third quarter. Evolution Wealth Management Inc. now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 174 shares during the last quarter.

About SPDR Gold MiniShares Trust

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.