GraniteShares Gold Trust (BAR) News Today

GraniteShares Gold Trust (BAR) shares have edged higher as a series of developments continue to underscore gold’s appeal as both a safe-haven asset and a beneficiary of rising demand and technical momentum.

• Gold is increasingly viewed as a hedge against mounting U.S. debt, driving investor interest (Kitco, Thorsten Polleit).
• Safe-haven buying ahead of a long U.S. holiday weekend lifted prices solidly (Kitco, Jim Wyckoff).
• U.S. new home sales jumped 10.9% in April, supporting spot gold near $3,350/oz (Kitco, Ernest Hoffman).
• Broader equity market weakness saw gold gain over 1%, as risk-off flows picked up (Benzinga).
• Technical analysts remain bullish, eyeing breakouts toward $3,435–$3,500 on sustained fiscal and dollar weakness (FXEmpire).
• Gold is consolidating just below $3,345 as U.S. budget and PMI data lend intermittent support to the dollar (FXEmpire).
• Several reports outline key intra-day entry levels, though headline risk around economic data and policy remains elevated (Kitco, FXEmpire).
• Long-term uptrend charts and stabilized U.S. jobless claims continue to suggest underlying strength (SeeItMarket; Kitco).
• Stronger flash manufacturing and services PMIs pressured gold near the $3,300 mark, highlighting sensitivity to risk sentiment (Kitco).
• Standard Chartered warns that cooling geopolitical tensions could drive a 10% gold price decline by year-end (Kitco, Standard Chartered).