Goldman Sachs Physical Gold ETF (AAAU) News Today

Goldman Sachs Physical Gold ETF (AAAU) is trading higher, reflecting increased investor appetite for gold as a safe-haven amid U.S. fiscal and credit concerns. Below are the key factors driving today’s move:

• Lingering worries over ballooning U.S. deficits and potential credit-rating downgrades are boosting safe-haven demand for gold.
• Forecasts eyeing new highs—$3,346 for gold and $33.70 for silver—underscore bullish momentum.
• Analysts at VanEck suggest that if ETF demand returns to 2020 peaks, gold could test $4,000 this year.
• Technical studies and “three-chart” analyses indicate the primary gold uptrend remains intact, with breakout levels at $3,371 on the weekly chart.

• Gold is consolidating near $3,328–$3,345 as mixed U.S. PMI, home-sales, and jobless-claim data create range-bound trading.
• Silver’s next targets hinge on a breakout above $33.70 and staying above its 50-day moving average at $32.80.
• Active traders are monitoring key intra-day entry levels and the reaction to Fed commentary on rates.

• Standard Chartered warns the gold rally may be past its peak by year-end if geopolitical tensions ease.
• Standard Chartered also projects a potential 10% year-end decline in gold prices should global risks subside.
• Mild profit-taking and a struggle to hold the $3,300 support level have been observed.