GLD SPDR Gold Trust

Filed Pursuant To Rule 433

Registration No. 333-233191

January 3, 2020

ETF Data December 2019 Options Report Capital Markets Group Ticker Name20 Day Average20 Day Average20 Day Average20 Day AverageTotal OpenTotal OpenETF VolumeTotal Option VolumeCall Option VolumePut Option VolumeInterest (Call)Interest (Put)SPYSPDR S&P 500 ETF Trust60,720,7802,663,7641,146,4361,517,3296,408,34612,632,670XLFFinancial Select Sector SPDR Fund38,342,896135,72755,61380,115738,2732,163,597XOPSPDR S&P Oil & Gas Exploration & Production ETF29,215,960128,24783,12745,1201,376,3621,659,020XLUUtilities Select Sector SPDR Fund14,281,00638,60818,73619,873166,456344,643XLEEnergy Select Sector SPDR Fund13,414,13373,17147,00826,163594,988777,754XLPConsumer Staples Select Sector SPDR Fund9,504,64030,61816,03314,586248,731352,006XLIIndustrial Select Sector SPDR Fund9,278,16322,03010,16211,86996,460173,888XLKTechnology Select Sector SPDR Fund7,888,74721,06311,2789,786138,817297,064XLVHealth Care Select Sector SPDR Fund5,865,01818,9819,7269,255100,332270,511GLD®SPDR Gold Shares5,664,969138,58782,57956,0092,114,255950,621KRESPDR S&P Regional Banking ETF4,805,10125,0397,49217,547100,382416,242XLBMaterials Select Sector SPDR Fund4,670,1549,7864,5945,192146,355162,193XBISPDR S&P Biotech ETF4,473,60329,3188,21521,103130,250431,667JNKSPDR Bloomberg Barclays High Yield Bond ETF4,473,3691,8812041,67860,809112,847XLREReal Estate Select Sector SPDR Fund3,829,821225149773,3122,145XLCCommunication Services Select Sector SPDR Fund3,108,3122,6211,0411,58122,96839,361XLYConsumer Discretionary Select Sector SPDR Fund2,923,40416,23510,4925,743163,589155,328XRTSPDR S&P Retail ETF2,873,85513,7114,7458,96777,864136,588XMESPDR S&P Metals & Mining ETF2,444,15215,1868,5656,621234,871107,816DIASPDR Dow Jones Industrial Average ETF Trust2,119,69540,00820,77219,237225,094264,694SJNKSPDR Bloomberg Barclays Short Term High Yield Bond ETF2,070,9552122212XHBSPDR S&P Homebuilders ETF1,634,9573,8812,1541,72760,37159,814Source: Bloomberg as of 12/31/2019.

TickerName20 Day Average20 Day Average20 Day Average20 Day AverageTotal OpenTotal OpenETF VolumeTotal Option VolumeCall Option VolumePut Option VolumeInterest (Call)Interest (Put)FEZSPDR EURO STOXX 50 ETF1,414,8663,2822,33195257,19882,321KBESPDR S&P Bank ETF1,350,4633881432458,78563,952BILSPDR Bloomberg Barclays 1–3 Month T-Bill ETF1,268,708141149403,443XESSPDR S&P Oil & Gas Equipment & Services ETF1,255,2433592461142,684771SPDWSPDR Portfolio Developed World ex-US ETF1,083,542—1—7—SPEMSPDR Portfolio Emerging Markets ETF1,051,8344312410SPYVSPDR Portfolio S&P 500 Value ETF976,0562620724254MDYSPDR S&P MidCap 400 ETF Trust923,4568265482799,5698,329SPYGSPDR Portfolio S&P 500 Growth ETF769,044806615626286CWBSPDR Bloomberg Barclays Convertible Securities ETF693,838151051,0171,505SPLGSPDR Portfolio Large Cap ETF689,834221232SPSMSPDR Portfolio Small Cap ETF423,515—1—35—SPTMSPDR Portfolio Total Stock Market ETF409,316437436111,00220XARSPDR S&P Aerospace & Defense ETF380,58815123787105CWISPDR MSCI ACWI ex-US ETF371,586—1———BWXSPDR Bloomberg Barclays International Treasury Bond ETF359,530——217105SDYSPDR S&P Dividend ETF349,891584118946561RWXSPDR Dow Jones International Real Estate ETF336,728———1400KIESPDR S&P Insurance ETF209,070382711446229HYMBSPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF184,83371722193EBNDSPDR Bloomberg Barclays Emerging Markets Local Bond ETF171,7483212020RWRSPDR Dow Jones REIT ETF169,704116596102TFISPDR Nuveen Bloomberg Barclays Municipal Bond ETF139,932————50RWOSPDR Dow Jones Global Real Estate ETF129,888——1——XSDSPDR S&P Semiconductor ETF112,93221174135155GNRSPDR S&P Global Natural Resources ETF112,13911196XPHSPDR S&P Pharmaceuticals ETF106,57919518691,243141GXCSPDR S&P China ETF101,883119316483Source: Bloomberg as of 12/31/2019.2

Ticker Name 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put) DWX SPDR S&P International Dividend ETF 61,822 1 1 1 24 3GMF SPDR S&P Emerging Asia Pacific ETF 44,851 — 1 — 10 10EWX SPDR S&P Emerging Markets SmallCap ETF 37,575 16 14 2 181 90EDIV SPDR S&P Emerging Markets Dividend ETF 30,613 — 1 — 70 —XHE SPDR S&P Health Care Equipment ETF 26,911 1 1 1 14 5SPEU SPDR Portfolio Europe ETF 22,155 — 1 — 1 —KCE SPDR S&P Capital Markets ETF 3,382 — — 2 15 22Source: Bloomberg as of 12/31/2019.

ssga.com spdrs.com spdrgoldshares.comInvestment professional use onlyState Street Global Advisors One Iron Street, Boston MA 02210 T: +1 866 787 2257 Important Information This material has been created for informational purposes only and does not constitute investment advice and it should not be relied on as such. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. There is no representation or warranty as to the current accuracy of, or liability for, decisions made based on this material. All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed.Investing involves risk, and you could lose money on an investment in SPDR Gold Trust (“GLD”).ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs’ net asset value. Brokerage commissions and ETF expenses will reduce returns.All ETFs are subject to risk, including the possible loss of principal. Non-diversified funds that focus on a relatively small number of stocks or countries tend to be more volatile than diversified funds and the market as a whole.Diversification does not ensure a profit or guarantee against loss.Investing in commodities entails significant risk and is not appropriate for all investors.Options investing entail a high degree of risk and may not be appropriate for all investors.Commodities and commodity-index linked securities may be aected by changes in overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.Frequent trading of ETFs could significantly increase commissions and other costs such that they may oset any savings from low fees or costs.Important Information Relating to SPDR® Gold Trust (“GLD®”): The SPDR Gold Trust (“GLD”) has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents GLD has filed with the SEC for more complete information about GLD and this offering. Please see the GLD prospectus for a more detailed discussion of the risks of investing in GLD shares. The GLD prospectus is available by clicking here. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting spdrgoldshares.com. Alternatively, the Trust or any authorized participant will arrange to send you the prospectus if you request it by calling 866.320.4053.GLD is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and is not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of the Trust do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA.GLD shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of GLD shares relates directly to the value of the gold held by GLD (less its expenses), and fluctuations in the price of gold could materially and adversely aect an investment in the shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them. GLD does not generate any income, and as GLD regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Share will decline over time to that extent. The World Gold Council name and logo are a registered trademark and used with the permission of the World Gold Council pursuant to a license agreement. The World Gold Council is not responsible for the content of, and is not liable for the use of or reliance on, this material. World Gold Council is an affiliate of GLD’s sponsor. GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC.Standard & Poor’s®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties makes any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto.For more information, please contact the Marketing Agent for GLD: State Street Global Advisors Funds Distributors, LLC, One Iron Street, Boston, MA, 02210; T: +1 866 320 4053 spdrgoldshares.com.The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its aƒliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its aliates. Certain State Street aƒliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is distributor for SPDR S&P 500, SPDR S&P MidCap 400 and SPDR Dow Jones Industrial Average, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not aƒliated with State State Street Global Advisors Funds Distributors, LLC.State Street Global Advisors Funds Distributors, LLC is the distributor for certain registered products on behalf of the advisor. SSGA Funds Management has retained Nuveen Asset Management, LLC as the sub-advisor to certain of such funds. State Street Global Advisors Funds Distributors, LLC is not aƒliated with Nuveen Asset Management, LLC.Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 866.787.2257 or visit spdrs.com. Read it carefully.© 2020 State Street Corporation. All Rights Reserved.ID127851-2047512.26.1.AM.INST 0120 Exp. Date: 01/31/2021 SPD002094Not FDIC Insured No Bank Guarantee May Lose Value

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 Advisors Funds Distributors, LLC, Attn: SPDR^® Gold Shares, One Iron Street, Boston, MA 02210.