Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / AAAU - Gold Weekly: Sentiment Becomes Increasingly Bullish


AAAU - Gold Weekly: Sentiment Becomes Increasingly Bullish

Introduction

Welcome to Orchid's Gold Weekly report. We discuss gold prices through the lenses of the World Gold Shares SPDR Gold Minishares Trust ETF (GLDM) because we think that is the best pure-play ETF to assert exposure to spot gold prices.

GLDM has moved higher since our previous weekly review, in line with our expectations.

Our end-month target of $13.5 per share has been hit, reflecting an improving sentiment toward gold, due to 1) the Fed's dovish shift, and 2) growing downside risks to the economic outlook due to increased trade tensions.

Read more ...

Stock Information

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

Menu

AAAU AAAU Quote AAAU Short AAAU News AAAU Articles AAAU Message Board
Get AAAU Alerts

News, Short Squeeze, Breakout and More Instantly...