<SEC-DOCUMENT>0001193125-16-542541.txt : 20160415
<SEC-HEADER>0001193125-16-542541.hdr.sgml : 20160415
<ACCEPTANCE-DATETIME>20160415094101
ACCESSION NUMBER:		0001193125-16-542541
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160415
DATE AS OF CHANGE:		20160415

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPDR GOLD TRUST
		CENTRAL INDEX KEY:			0001222333
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				522369757
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-209926
		FILM NUMBER:		161573337

	BUSINESS ADDRESS:	
		STREET 1:		C/O WORLD GOLD TRUST SERVICES, LLC
		STREET 2:		685 THIRD AVENUE, SUITE 2702
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2123173800

	MAIL ADDRESS:	
		STREET 1:		685 THIRD AVENUE
		STREET 2:		SUITE 2702
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	streetTRACKS GOLD TRUST
		DATE OF NAME CHANGE:	20041008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITY GOLD TRUST
		DATE OF NAME CHANGE:	20030310

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPDR GOLD TRUST
		CENTRAL INDEX KEY:			0001222333
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				522369757
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		C/O WORLD GOLD TRUST SERVICES, LLC
		STREET 2:		685 THIRD AVENUE, SUITE 2702
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2123173800

	MAIL ADDRESS:	
		STREET 1:		685 THIRD AVENUE
		STREET 2:		SUITE 2702
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	streetTRACKS GOLD TRUST
		DATE OF NAME CHANGE:	20041008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITY GOLD TRUST
		DATE OF NAME CHANGE:	20030310
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>d181187dfwp.htm
<DESCRIPTION>KITCO: GOLD AIMING FOR $1,350 BY Y/E SAYS FAMED GOLD EXPERT
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<TITLE>Kitco: Gold Aiming For $1,350 By Y/E Says Famed Gold Expert</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed Pursuant To Rule 433 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Registration No.&nbsp;333-209926 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>April&nbsp;15, 2016 </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Gold
Aiming For $1,350 By Year-End Says Famed Gold Expert </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April&nbsp;14, 2016 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">By Neils Christensen </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(Kitco News) -</B> It is amazing how
quickly markets can change. Just look at the gold. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In three months, the yellow metal has managed to shake off its bear market and is now in at the start
of a new bull trend, this according to one known gold expert. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Although gold prices have seen a pullback in the last two sessions &#151; with June Comex
gold futures settling Thursday $21.8 lower at 1,226.5 an ounce &#151; the market is still holding on almost 16% gains since the start of the year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">George
Milling-Stanley, head of gold investments at State Street Global Advisors, said in an interview with Kitco News that he sees the latest move as the &#147;inevitable pause for breath,&#148; adding that it is only a matter of time before prices move
higher. State Street Global Advisors is the marketing agent of the largest gold-backed exchange traded fund, SPDR Gold Shares (NYSE: GLD). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">By the end of
the year, Milling-Stanley said that he expects to see gold trading around $1,350 an ounce. He added that another $100 rally from current prices would be sustainable and lead to a long-term bull market. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With what he sees as plenty of potential, Milling-Stanley said investors might not want to wait for a steeper correction before getting in. Those who end up
waiting could be disappointed as strong market fundamentals are now supporting the technical bullish picture, he added. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;I think the pullback has
lost momentum,&#148; he said. &#147;Gold has plenty of upside potential and I don&#146;t think investors need to wait for a better price. The investors who say there has to be a pullback are hoping there is one because they missed the boat on the
first $200. How long do you want to continue to miss the boat?&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Milling-Stanley said that he is confident gold will continue to rally to the end of
the year as there has been a monumental shift in the marketplace. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Four months ago, the Fed was saying with complete confidence: &#145;there will be
four rate hikes in 2016 and interest rates would be close to 1.5% by the end of the year.&#146; Now they are saying: &#145;Well maybe there will be only two rate hikes or maybe not,&#146;&#148; he said. &#147;The Fed has made it abundantly clear
that they will not be aggressive in raising interest rates.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Fed&#146;s back tracking on rate expectations has weakened some of the U.S.
dollar&#146;s momentum, which has been the biggest pressure on gold. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It was that market uncertainty, and increased volatility that helped push gold prices to end its best quarter in
30 years. In the first quarter, GLD saw its gold reserves increase by 175 tonnes to 819.28, the highest level since January 2009. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not only is improving
sentiment boosting investment demand for gold, but Milling-Stanley also noted that physical demand out of China remains strong. He continues to see strong physical gold demand coming from China&#146;s growing middle class. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;China is not going to grow 11% this year but they are still going to see economic growth well above what we will see in the U.S., Europe or Japan,&#146;
he said. &#147;I am encouraged by what I see happening in China.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Finally, Milling-Stanley said he is also optimistic for gold on the supply side as
the market is starting to see mine production contract. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;In the fourth quarter of 2015, we saw the first quarterly drop in mine production since
2008. I&#146;m guessing we will see another drop when we eventually see the number for the first quarter of 2016,&#148; he said. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SPDR<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> GOLD TRUST has filed a registration statement
(including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete
information about the Trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust or any Authorized Participant will arrange to send you the prospectus if you request
it by calling toll free at 1-866-320-4053 or contacting State Street Global Markets, LLC, One Lincoln Street, Attn: SPDR<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Gold Shares, 30th Floor, Boston, MA 02111. </P>
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