NYSEARCA:OUNZ

Vaneck Merk Gold Trust ETF News

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$41.51
-1.57 (-3.64%)
At Close: Jun 05, 2026
Gold markets have shown themselves to be a little bit noisy, but positive in general. All things being equal, the $2050 level seems to be an area that has offered a little bit of resistance in the sho
A sustained move above $2,050 will demonstrate gold's resilience, driven by Middle East tensions and anticipated Fed rate cuts.
The balance of gold's (XAU/USD) appeal in uncertain economic conditions and its safe-haven status will be critical in upcoming market movements.

New Highs Propel Gold Into 2024

11:16am, Saturday, 13'th Jan 2024
By Imaru Casanova, Portfolio Strategist, Gold and Precious Metals Spot gold climbs to a record high in 2023; the main drivers behind last year's gold rally should continue to support gold in 2024. Mon
Successfully testing support at the 50-Day MA, gold's bullish momentum points to a completed correction, setting the stage for a potential ascent towards a 2,176 target.
Rising tensions in the Middle East provided material support to gold and silver markets.
Gold markets have fallen significantly during the course of the week, reaching down toward the $2000 level, showing signs of life again.
Gold markets had a strong day on Friday as the PPI numbers came out weaker than anticipated, completely flying in the face of the CPI numbers that came out stronger than anticipated on Thursday.
Gold's allure strengthens, rising amid geopolitical strife and overshadowing the dampening effect of higher-than-expected US inflation figures.
Amid Middle East turmoil, gold prices surge; stable inflation and Fed uncertainty add to the momentum.
Precious metals are losing ground as traders focus on U.S. inflation reports.
Gold markets continue to look very noisy as we got the CPI numbers coming out on Thursday, perhaps not settling anything from a longer-term perspective.

Gold Prices Forecast: CPI Data Takes Centerstage

03:51am, Thursday, 11'th Jan 2024
Gold climbs as dollar dips; CPI data key to Fed's policy, setting cautiously bullish market tone for XAU/USD.
December CPI crucial for Federal Reserve's immediate rate decisions with a rise causing market volatility and a drop spurring growth and rate cuts.
The Australian trade surplus widened in November. However, a marked fall in imports cast a shadow on a pickup in exports.
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