AAAU - Gold testing two-month lows at $1900/oz

September, 22 2020 01:58 PM Goldman Sachs Physical Gold ETF

Gold prices are threatening the low end of a channel they've run in for two months.Spot gold ([[XAUUSD:CUR]], -0.5%) is close to $1,900/oz, a level it hasn't closed below since late July.Gold has been trading more in concert with stocks than as a contrarian defensive play, and has struggled to gain any traction during the selloff in tech equities.The yellow metal has also benefit from a lower U.S. dollar, which is up today. The dollar index is gaining 0.3%.The SPDR U.S. Gold Trust ([[GLD]], -0.4%) crossed below its 50-day simple moving average yesterday.Related ETFs: (IAU), (PHYS), (SGOL), (UGLDF), (BAR), (UGL), (GLDM), (AAAU), (GLDI), (DGP), (OUNZ)

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Gold testing two-month lows at $1,900/oz

Company Name:	Goldman Sachs Physical Gold ETF
Stock Symbol:	AAAU
Market:	NYSE

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