CONSENT OF CARTER LEDYARD & MILBURN LLP
We consent to the incorporation by reference in Registration Statement No. 333-180974 on Form S-3 of our opinion relating to U.S. federal tax law contained in the section United States Federal Tax Consequences appearing in this Annual Report on Form 10-K of the SPDR® Gold Trust for the year ended September 30, 2012.
/s/ Carter Ledyard & Milburn LLP
New York, New York
November 28, 2012