Risk factors
SPDR Gold Trust (GLD) risk factors
Item 1A of every SPDR Gold Trust 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors27 risks2 reworded
Geopolitical conflict references were broadened from specific Middle East actors to general hostilities and global instability.
Filed Nov 25, 2025 - FY2024 10-K risk factors27 risks
The Trust is exposed to gold price volatility driven by macro crises and official sector sales. Physical gold holdings face custody risks like theft, damage, and limited legal recourse. The passive structure forces gold sales to pay expenses regardless of market prices.
Filed Nov 25, 2024