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How does GLD track gold

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TheoPrinsloo
Contributor
Does gld track the gold price directly or are there any other factors that influence gld. I've been trying to compare the movement of the gold price and the movement of gld but it does not seem that they entirely follow suite. Please educate me.
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1 REPLY 1
SimonPB
Valued Contributor
it follows the rand/gold price, with a small cost of storage as they actually hold the gold at the rand rifenary. Problem with tracking is often GLD doesn't trade at the close, so no real closing price.
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