The SPDR Gold Trust (ticker symbol GLD)
April 8, 2024 price $216.48 at close. This is an investment Trust formed in 2004 that sells shares and it seeks to reflect the price of Bold Bullion. It is a Commodity Exchange Traded Product. It offers a way to invest in the Gold Market without owning and storing physical gold. Below click the link to see the details from the SEC “How SPDR Gold Shares are Created and Redeemed.
https://www.sec.gov/Archives/edgar/data/1222333/000119312514286430/d767060dfwp.htm
You should always read the Prospectus before buying any investment and at the end of the link you can access the ways to receive the Prospectus or you may be able to find it at your online brokerage account if you have one under the Symbol GLD
Gold prices are expected to rise to $2400 an ounce year 2024 and $2600 by year 2025 per CFRA