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2023-08-08 10:45:00 ET Summary Like many central banks nowadays, the German central bank (“Buba”) is performing at a loss. A gold revaluation account (GRA) is an accounting item on the liability side of a balance sheet, part of net equity, that records unrealized gai...
2023-08-08 10:36:00 ET Summary Gold faces a number of scenarios with dollar strength, a possible recession, inflation, and the future path of interest rates all playing a role. Gold’s traditional status as a safe haven asset has seen its price briefly break through the $2,0...
2023-08-07 03:56:58 ET Summary Gold prices rise as weaker-than-expected US jobs report leads to decline in dollar and Treasury yields. Weakening dollar makes gold more affordable for holders of other currencies. Weekly standard deviation report suggests short-term trading oppo...
Merk Investments, LLC (“Merk” or the “Sponsor”), as sponsor of the VanEck Merk Gold Trust (NYSE: OUNZ; the “Trust”), will change the benchmark price used to value the gold held or receivable by the Trust from the LBMA PM Gold Price to the Solactive Gold S...
2023-08-02 12:00:00 ET Summary Q2 gold demand (excluding OTC) dropped slightly by 2% y/y to 921t, driven by a marked deceleration in net central bank buying compared to above-average purchases in Q2’22. Inclusive of OTC and stock flows, total demand strengthened 7% y/y to 1...
2023-08-02 03:55:00 ET Summary In our 2023 macrocast, we forecast that the COMEX precious metals were likely to tread sideways through the first half of the year and then rally in the second half. As July ends and August begins, it appears that the expected second half rally has b...
2023-08-01 18:50:25 ET Precious metals miners were one of Tuesday's weakest performing stock groups, falling with gold and silver prices as the dollar firmed and U.S. Treasury yields moved higher through the yield curve. The 30-year yield jumped 9 bps to 4.10%, the highest since Novem...
2023-08-01 04:12:00 ET Summary Although most of us were focused on the Fed and the ECB commentaries this week, neither provided anything new or unexpected. Gold is down 1.4% to 1945, just above support at 1940. Silver is down 3.1% to 24.30, just above support at 24-24.20. Unle...
2023-07-31 19:25:15 ET Gold futures closed Monday at the highest level since May and tallied their best month since March, boosted by a weaker U.S. dollar and hopes the cycle of central bank interest rate hikes is near an end. Front-month Comex gold ( XAUUSD:CUR ) for August del...
2023-07-31 07:53:21 ET Summary The US dollar's decline has accelerated recently due to investors lowering their expectations for interest rate hikes. The US Dollar Index, which tracks the dollar against other major currencies, has dropped 3% year-to-date and 10% since September. ...
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VanEck Merk Gold Trust Company Name:
OUNZ Stock Symbol:
NYSE Market:
OUNZ has long been a liquid, cost-efficient way to buy and hold gold and provides investors the option to request physical delivery of gold coins and bars VanEck is today celebrating the fact that its VanEck Merk Gold Trust (OUNZ) recently surpassed $1B in assets under managem...
2024-07-03 16:24:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-23 18:06:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...