|Bid||134.20 x 1300|
|Ask||134.40 x 2900|
|Day's range||133.97 - 136.03|
|52-week range||111.06 - 136.63|
|PE ratio (TTM)||N/A|
|Beta (3Y monthly)||0.02|
|Expense ratio (net)||0.40%|
Ray Dalio mentioned in a LinkedIn post on Wednesday that it's important for investors to explore the market paradigm in which they're currently operating.
Australia-based Perth Mint displayed a giant one-ton gold coin in front of New York Stock Exchange to promote Australian gold and its government-backed gold ETF AAAU.
Gold futures climb sharply on Wednesday to log their highest finish in a week, as the U.S. dollar weakened on remarks from Federal Reserve Chairman Jerome Powell that were perceived as dovish.
In prepared remarks ahead of his testimony to US Congress, Federal Reserve Chair Jerome Powell leaned toward a dovish stance.
China added another 10.3 tons of gold to its reserves in June, marking the seventh consecutive month during which it added to its reserves.
Among miners, Eldorado Gold (EGO), New Gold (NGD), IAMGOLD (IAG), and Barrick Gold (GOLD) have seen the highest gains of 50.6%, 44.4%, 40.3%, and 36.4%, respectively.
After remaining soft for the first five months of the year, gold prices (GLD) have seen a sudden turnaround since the end of May.
Standard Chartered precious metals analyst Suki Cooper is very positive about gold's price outlook. As reported by CNBC, she said, “There’s a lot more interest in gold on a widespread basis. It’s not just tactical investors or ETF holders. it’s broad based.”
BoAML (Bank of America Merrill Lynch) is overweight on precious metals in 2019. It believes that gold could be the big winner of the trade war between China and the US, as there's no end in sight to the tensions.
Gold has been on a tear, hitting a six-year high earlier this week as investors’ appetite for risk-off assets drive up the price.
Since lower interest rate expectations, a weakening US dollar, and geopolitical factors pushed gold above its long-term resistance of $1,350 per ounce, technical factors seem to have taken over.
US stock markets are recording higher highs. The S&P 500 (SPY) closed June 20 at an all-time high of 2,954, while the Dow Jones Industrial Average (DIA) hit a record high on June 21 before slipping at the close.