Goldman Sachs Physical Gold ETF (AAAU) News Today

Goldman Sachs Physical Gold ETF (NYSEARCA:AAAU) shares have risen as gold markets show renewed strength. Bullish technical patterns, record‐high price forecasts and safe-haven demand amid inflation and recession worries are driving momentum, while robust U.S. data and upcoming policy reports inject some caution.

• Positive Sentiment: Gold broke out above $3,439 Friday, reaching $3,450 and signaling growing demand toward record highs. Gold Breakout Article
• Positive Sentiment: Gold closed August at record highs, with analysts eyeing a $3,500 target next. Record Highs Article
• Positive Sentiment: Technical buying propelled gold sharply higher ahead of what may be a rocky two months for equities. Technical Buying Article
• Positive Sentiment: Fed rate-cut bets and a softer dollar are keeping metals supported ahead of key PCE inflation figures. Fed Cut Bets Article
• Positive Sentiment: Gold and silver are set to surge as a weakening dollar and recession fears fuel safe-haven demand. Surge Amid Recession Fears Article
• Neutral Sentiment: Blue Lagoon Resources marked the ribbon-cutting of its Dome Mountain gold project in BC, highlighting new supply-side developments in mining. Blue Lagoon Article
• Neutral Sentiment: Exploits Discovery plans resource expansion at high-grade gold projects in Eastern Canada, reflecting ongoing exploration activity. Exploits Discovery Article
• Negative Sentiment: Gold price was mildly down ahead of an important U.S. inflation report, dampening near-term upside. Mildly Down Article
• Negative Sentiment: Robust U.S. economic data lifted the dollar, limiting safe-haven demand for gold and silver. Dollar Strength Article
• Negative Sentiment: Core PCE inflation rose 2.9% in July, reinforcing the Fed’s cautious tone and keeping rate cuts off the table. Core Inflation Article