abrdn Physical Gold Shares ETF (SGOL) News Today

abrdn Physical Gold Shares ETF (SGOL) saw its share price move higher today alongside gains in the broader gold market. Investors are reacting to a mix of supportive inflation signals, safe-haven demand and ongoing uncertainty ahead of key U.S. economic releases.

• Gold outpaced industrial metals, sending a strong relative-strength signal that underpins bullion demand (Barron’s).
• A weaker U.S. dollar and softer Treasury yields supported a rally in gold, lifting investor interest (Kitco).
• Safe-haven buying emerged as U.S. pending home sales fell and GDP contracted, reinforcing gold’s defensive appeal (Kitco).
• Rising trade-tariff uncertainty sparked a near-term gold rally, driving inflows into bullion-backed products (FXEmpire, Kitco).
• Long-term confidence in gold remains strong amid concerns over fiat-currency stability, boosting fundamental demand (“In Gold We Trust” author).
• Gold is trading in a range as investors await key U.S. jobs and inflation data, leading to subdued directional conviction (Kitco, FXEmpire).
• Analysts recommend monitoring intra-day entry levels and pivotal price points around $3,277 and $3,310 for trading opportunities (Kitco, FXEmpire).
• Debate over the safety of Germany’s New York-held gold reserves underscores geopolitical risk threads, but impact on bullion flows remains unclear (Reuters).
• Gold dipped after U.S. inflation came in tame and amid comments from former President Trump, briefly dampening bullion demand (Kitco).