The gold ETF (OUNZ) hit a 52-week high lately. Can it soar higher?
Gold is on track to witness its best monthly performance since July 2020 and also set for a second consecutive quarterly gain.
The fallout from the Silicon Valley Bank implosion and the subsequent contagion fears spread throughout the banking sector. Nearly all bank stocks
Gold had a solid start this year, logging in the biggest quarterly gain since September 2020 as the ongoing war in Ukraine and concerns over sky-high inflation raised demand for the safe-haven asset.
After underperforming last year, gold has shown strength in recent weeks buoyed by investors??? flight to safety on the escalating Russia-Ukraine crisis.
In trading on Tuesday, shares of the VanEck Merk Gold Trust ETF crossed above their 200 day moving average of $17.56, changing hands as high as $17.57 per share. VanEck Merk Gold Trust shares are currently...
VanEck and Merk Investments are today announcing that as of July 24, 2020, the Sponsor’s fee for the VanEck ® Merk ® Gold Trust (NYSE Arca: OUNZ) will be lowered from 0.40% to 0.25%.