GLD

SPDR Gold Shares (GLD) is a physically‑backed commodity ETF that holds only gold bullion, giving investors exposure to the price movements of gold without the need to store or insure the metal themselves. Its strategy is a straightforward “vanilla” approach: the fund’s assets consist of allocated gold bars held in secure vaults, and each share is intended to reflect the performance of that gold minus fund expenses. Because it provides a liquid, single‑asset way to add precious‑metal exposure, GLD can be appropriate for investors looking to hedge against inflation, diversify a broader portfolio, or obtain a defensive allocation to gold, particularly those comfortable with the volatility inherent in commodity markets.