Other large gold-bullion ETFs include the $5.8 billion iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL), while Market Vectors Gold Miners ETF (NYSEArca: GDX) and Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) invest in gold-miner shares.
Gold prices traded lower to start the week and SPDR Gold Shares was down nearly 1% to $138 in U.S. preopen dealings Monday.
The gold ETF is essentially flat so far in 2011 after selling pressure late last week. The fund has seen several attempts to push through $140 a share fizzle in recent months.
For full disclosure, Tom Lydon’s clients own GLD and GDXJ.
NYSEArca: