VanEck Merk Gold ETF (OUNZ) News Today

VanEck Merk Gold ETF (OUNZ) has risen as gold prices climbed on U.S. tariff uncertainty, central bank buying and supportive Fed rate-cut expectations. Key drivers for OUNZ today include:

• Positive Sentiment: Next week’s U.S. CPI, PPI, retail sales and consumer sentiment reports may cement Fed rate-cut bets and underpin gold demand. Next week’s CPI, PPI, retail sales, and consumer sentiment could cement rate cuts and boost gold
• Positive Sentiment: Tariff uncertainty around Swiss gold bars drove U.S. futures to record highs as investors sought safe-haven bullion. Gold prices soar to record high as Trump tariffs threaten bullion trade
• Positive Sentiment: China’s central bank added 2 tonnes of gold to its reserves in July, signaling ongoing official demand. China's central bank adds 2 tonnes of gold to reserves in July, but FX holdings fall $25 billion
• Positive Sentiment: Aggressive buying in gold on U.S. tariff fears and China’s bullion purchases supported prices, boosting ETF flows. Aggressive Buying In Gold On Tariffs And China; Tech Stock Buying Continues On Trump's Paper Tiger Move
• Neutral Sentiment: Technical analysis points to potential bullish breakouts as the U.S. dollar weakens against major currencies. Gold and Silver Technical Analysis: Bullish Breakouts Loom Amid US Dollar Weakens
• Neutral Sentiment: Intra-day price entry levels for active traders were highlighted, underscoring key support and resistance zones. Gold Market Analysis for August 8 - Key Intra-day Price Entry Levels for Active Traders
• Negative Sentiment: Gold futures eased from highs after the White House moved to clarify “misinformation” about proposed bullion tariffs. Gold futures trade off highs as White House to issue clarification on bullion tariffs
• Negative Sentiment: Profit-taking alongside dollar strength weighed on metals, trimming gains after two-week highs. Gold (XAUUSD) & Silver Price Forecast: Profit-Taking, Dollar Gains Slow Metals Advance