52-week high summary: This Physical Gold ETF hits a new 52-week high. Are more gains in store for this ETF?
Gold is on track to witness its best monthly performance since July 2020 and also set for a second consecutive quarterly gain.
Gold logged in the biggest monthly gain since July 2020 and the first monthly gain since March buoyed by signs of cooling inflation and the Fed's dovish comments.
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 AAAU ETF crossed above their 200 day moving average of $17.95, changing hands as high as $17.97 per share. AAAU shares are currently trading trading flat on the day....