VanEck Merk Gold ETF (OUNZ) News Today

VanEck Merk Gold ETF (OUNZ) shares rose today as investors sought refuge in gold amid mounting U.S. fiscal and debt concerns, robust housing-data–driven volatility and bullish technical forecasts. Safe-haven demand and forecasts of further upside outweighed pockets of profit-taking and U.S. dollar support.

• Wall Street and Main Street both exhibit renewed bullish bias on gold, with prices holding above $3,300/oz (Kitco)
• Safe-haven demand strengthens as U.S. debt and budget worries mount, boosting gold’s appeal (Kitco, WSJ)
• Mixed housing reports—new home sales up 10.9% in April and existing home sales down 0.5%—have spurred volatility, overall supporting gold (Kitco)
• Technical outlook remains constructive, with a pivot at ~$3,310 and upside targets toward $3,435–3,500 (FXEmpire)
• VanEck’s own outlook suggests gold could reach $4,000 if ETF demand matches its 2020 peak (Kitco)
• Bond-market jitters and lingering U.S. deficit concerns continue to underpin safe-haven flows into gold (Kitco, WSJ)
• Intra-day analyses highlight key support/resistance levels without confirming a decisive breakout (Kitco, FXEmpire)
• Market commentators note headline risk and the need to hold key moving averages to maintain the uptrend (FXEmpire)
• Gold consolidation below $3,345 reflects mixed PMI and Treasury-yield dynamics supporting the U.S. dollar (FXEmpire)
• Mild profit-taking after recent rallies has applied some downward pressure on near-term gains (Kitco)
• Standard Chartered warns gold could fall 10% by year-end if geopolitical tensions cool (Kitco)
• Gold has struggled to hold $3,300 amid stronger manufacturing/service PMIs and U.S. dollar strength (Kitco, FXEmpire)
• Consolidation below key levels tied to U.S. budget fears has buoyed the dollar, capping gold upside (FXEmpire)