VanEck Merk Gold ETF (OUNZ) News Today

VanEck Merk Gold ETF (OUNZ) has rallied today alongside a broad upswing in gold prices, driven by technical breakouts, safe-haven flows and expectations of Fed rate cuts amid a softening U.S. dollar. Key developments influencing gold (and therefore OUNZ) include:

• Positive Sentiment: Gold surged toward $3,420 as a symmetrical triangle breakout nears confirmation on strong momentum.Gold (XAU/USD) Price Forecast: Pushes Higher as Triangle Breakout Nears Confirmation
• Positive Sentiment: Fidelity’s Samson warns that looming U.S. stagflation and gold’s history of multi-year bull runs point to further upside potential.Looming U.S. stagflation and gold's record of multi-year bull runs mean there's still plenty of price upside – Fidelity's Samson
• Positive Sentiment: Bank of America sees the weakening U.S. dollar paving a path for gold to test $4,000 next.Gold remains on the path to $4,000 as the US dollar weakens - Bank of America
• Positive Sentiment: Gold rallied above $3,400 on a pullback in the dollar, with silver and platinum following suit on broad precious-metals strength.Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallied Above $3400 As Dollar Pulled Back
• Positive Sentiment: Saxo Bank highlights that steeper Treasury yield spreads are driving renewed investment interest in gold and silver.Steeper Treasury yield spreads support gold and silver investment – Saxo Bank's Hansen
• Positive Sentiment: Price models predict a bullish breakout above $3,409.43, targeting all-time highs near $3,500 as Fed cut bets rise.Gold News: Bullish Price Prediction as Gold Nears $3409.43 Breakout With Fed Cut Bets Rising
• Neutral Sentiment: Gold is holding recent gains even as U.S. Pending Home Sales fell 0.4% in July.Gold holding recent gains as U.S. Pending Home Sales Index falls 0.4% in July
• Neutral Sentiment: Gold remains steady around $3,400 as the U.S. economy grew 3.3% in Q2.Gold holding steady around $3,400 as US economy grew 3.3% in Q2
• Neutral Sentiment: Analysts note continued buying pressure despite lower institutional volumes, suggesting a “buy-on-dip” environment.Gold Price Outlook – Gold Continues to See Buyers
• Neutral Sentiment: Intraday charts outline key entry levels for active traders amid ongoing volatility.Gold market analysis for August 28 - key intra-day price entry levels for active traders
• Neutral Sentiment: Gold is building toward a triangle breakout, though confirmation is still pending on the charts.Gold (XAU/USD) Price Forecast: Builds Toward Potential Breakout of Triangle
• Negative Sentiment: Gold retreated from $3,400 as dollar strength limited further upside.Gold (XAUUSD) & Silver Price Forecast: Safe-Haven Demand vs Dollar Strength
• Negative Sentiment: Gold prices weakened as the U.S. dollar index (USDX) rallied.Gold price weaker as USDX rallies
• Negative Sentiment: Spot gold briefly pulled back to $3,400 after U.S. weekly jobless claims fell to 229,000.Spot gold pulls back to $3,400/oz after U.S. weekly jobless claims fall to 229k
• Negative Sentiment: Strong dollar gains capped near-term gold upside despite supportive falls in 2-year yields.Gold (XAUUSD) Price Forecast: Strong Dollar Caps Upside, 2-Year Yield Offers Support

Overall, OUNZ is benefitting from bullish technical signals and safe-haven flows, but investors should watch U.S. dollar dynamics and key economic releases (PCE, jobless claims) for potential short-term volatility.