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State Street Global Advisors filed for an ETF tracking the University of California's investment strategy, utilizing a 90% equity and 10% bond allocation.
State Street Global Advisors
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 3, 2026 · How we report
As of September 11, 2026, at 12:05 p.m. ET, the spot price of gold was $4,370.78 per ounce.
Central banks buy gold to diversify their reserves and improve the perceived strength of their economy and currency during turbulent times. High gold reserves serve as a source of trust for a country's solvency.
Gold is priced in U.S. dollars, meaning a strong dollar typically keeps the price of gold controlled, while a weaker dollar is likely to push gold prices higher.
The ticker symbol XAU/USD tracks the spot price of one troy ounce of gold in U.S. dollars. The quoted price indicates how many dollars are required to purchase that single troy ounce.