Filed Pursuant To Rule 433
Registration No. 333-209926
February 3, 2017
Gold Demand Trends Full Year 2016
A four-year high
in investment drove price gains and demand growth
2016 in review
Full year
gold demand Second best year for ETFs Gold price ?nished
the year up 8%
2014
2015 2016 2009 2016
4,309t
646t 532t
Gold demand gained 2% and Annual in?ows into ETFs were the Hefty investment in?ows fuelled
reached a 3-year high of 4,309t second highest on record the price rise
Annual bar and Jewellery demand The 7th consecutive year of
coin demand fell
to 7-year low net purchases by central banks
2016
384t
1,029t
Bar and coin demand was broadly Chinas softening economy and However, demand from
central
stable helped by a Q4 surge Indias changing policy banks was the lowest since 2010
framework both contributed
Q4 2016
Gold lost some gains in Q4 Indian Demonetisation Strong investment from China
Gold rose by 25%
to Q3 but fell This policy sparked an The price fall in Q4 was the
with Trumps acceptance speech immediate rush for gold, swiftly ideal buying opportunity
for
and the FOMCs interest rate rise. halted by the ensuing cash crunch. retail investors.
SPDR® GOLD TRUST has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the Trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust or any Authorized Participant will arrange to send you the prospectus if you request it by calling toll free at 1-866-320-4053 or contacting State Street Global Markets, LLC, One Lincoln Street, Attn: SPDR® Gold Shares, 30th Floor, Boston, MA 02111.