SPDR GOLD TRUST

SPDR Gold Trust operates as an investment trust that holds physical gold bullion. The trust issues and redeems SPDR Gold Shares in large blocks called baskets in exchange for deposits or distributions of allocated gold bars. Its primary offering enables both institutional and retail investors to access the gold market and gain fractional undivided beneficial interests in gold holdings without handling physical storage, delivery, or insurance. Creation and redemption orders are processed directly through authorized participants, such as registered broker-dealers and financial institutions, who then distribute shares to secondary market buyers.

The trust was established under the laws of New York and stores its physical gold holdings in vaults located across London, New York, and Zurich with designated custodians. Its shares are listed across international exchanges in the United States, Mexico, Singapore, Hong Kong, and Japan. The text does not specify a corporate headquarters location for the trust.

Summary of the business section of Spdr Gold Trust's latest annual report, written by StockData.