Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $45.27 and last traded at $45.15, with a volume of 1114982 shares traded. The stock had previously closed at $43.67.
abrdn Physical Gold Shares ETF News Roundup
Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:
- Positive Sentiment: Record gold rally driven by Trump tariff fears and safe-haven buying; analysts and forecasters are talking about a push toward $5,000/oz, underpinning demand for physically backed gold products like SGOL. Gold (XAUUSD) Price Forecast: Record Gold Rally Targets $5,000 on Trump Tariff Fears
- Positive Sentiment: “Sell America” flows: reports of investors rotating out of U.S. dollar and Treasuries into gold amid geopolitical/trade worries are boosting spot gold — a direct positive for SGOL’s NAV. ‘This is sell America’ — U.S. dollar, Treasury prices tumble and gold spikes as globe flees U.S. assets
- Positive Sentiment: Multiple market reports note record highs and strong year-to-date gains for gold as risk aversion intensifies — broad media coverage can attract more inflows into gold ETFs. Strong price gains, record highs in gold, silver on risk aversion
- Neutral Sentiment: Technical/intraday trade commentary highlights key entry levels for traders — useful for short-term momentum strategies but not a direct fundamental change for SGOL. Gold market analysis for January 20 – key intra-day price entry levels for active traders
- Neutral Sentiment: Mining-sector news (e.g., new high-grade finds at smaller miners) is boosting miner stocks but has limited direct impact on a physical-gold ETF like SGOL. Pinnacle Silver and Gold confirms high-grade gold-silver mineralization at El Potrero
- Negative Sentiment: Analysts caution that a near-term technical correction could pull gold prices back from record highs — a short-term risk for SGOL’s gains. Gold Edges Lower on Likely Technical Correction
abrdn Physical Gold Shares ETF Stock Performance
The stock’s 50-day moving average is $41.10 and its 200-day moving average is $37.01.
Institutional Trading of abrdn Physical Gold Shares ETF
About abrdn Physical Gold Shares ETF
The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.
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