<SEC-DOCUMENT>0001193125-16-600725.txt : 20160524
<SEC-HEADER>0001193125-16-600725.hdr.sgml : 20160524
<ACCEPTANCE-DATETIME>20160524170634
ACCESSION NUMBER:		0001193125-16-600725
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160524
DATE AS OF CHANGE:		20160524

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:		161672560

	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>d195084dfwp.htm
<DESCRIPTION>KITCO NEWS ARTICLE: IGNORE WEAKNESS, GOLD ETFS STILL ATTRACTING INVESTORS: GM-S
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<TITLE>Kitco News Article: Ignore Weakness, Gold ETFs Still Attracting Investors: GM-S</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>May&nbsp;24, 2016 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman"><B>Ignore Weakness, Gold
ETFs Still Attracting Investors - George <FONT STYLE="white-space:nowrap">Milling-Stanley</FONT> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Posted to Kitco.com </B></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:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">May&nbsp;24, 2016 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ignore the short-term weakness because the U.S. gold market&#146;s uptrend remains in good shape says one market expert. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Because of shifting interest rate expectations, gold price fell to their lowest level since late April, with June Comex gold futures last trading at $1,231.50
an ounce, down more than 1.5% on the day. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">However, while future prices have dropped to a four-week low, investors continue to pile into gold-backed
exchange traded products. So far this month, SPDR Gold Shares (NYSE: GLD), the world&#146;s biggest gold ETF, has seen inflows of 47.58 tonnes, the biggest increase since February. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the year, GLD has seen inflows of 230.15 tonnes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In an
interview with Kitco News, George Milling-Stanley, head of gold strategy at State Street Global Advisors, marketing agent for GLD, described the difference in the ETF market with the futures market as long-term investors versus short-term
speculators. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">He explained the market is seeing a short-term pullback because speculative investors are nervous about the prospect of the Federal Reserve
raising interest rates as early as June; however, he added that long-term investors are looking past interest rate hikes and focusing on the fact that real rates will remain low for a considerable period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">He described the latest price movement as &#147;speculative froth leaving the marketplace.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Despite the latest pullback, gold is building a solid base as it is holding on to most of its $200 dollar gain from December,&#148; he said. &#147;The
gold market is still definitely in an uptrend.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Milling-Stanley said that it is important for long-term investors to put the latest rate hike
expectations into perspective. According to CME 30-day Fed Fund future prices, markets are pricing in a 35.6% chance that the U.S. central bank will raise rates in June, expectations jump to 45.2% for July. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">However, Milling-Stanley said that even if the Fed does raise interest rates two times this year, it will only be for a total of 50 basis points. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;This is a tiny increase, negligible and insignificant,&#148; he said. &#147;It&#146;s a big deal for investors because right now they don&#146;t have
anything else to focus on.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With so much focus on the Fed&#146;s June meeting, Milling-Stanley said that the best thing for gold would be if the
central bank actually hike rates. He said that he would expect to see a similar move to what happened in December after the Fed raised rates for the first time in nearly 10 years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Leading up to the December rate hike gold futures dropped to a six-year low at $1,1054.40 an ounce and then following the rate announcement, the metal
embarked on its biggest rally in 30-year. Increasing 16% in the first quarter of 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;It is the uncertainty that is hurting gold right now. Once
we get the rate hike, investors will see the reality of low interest rates,&#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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