Gold ETF Navigates Market Turbulence After Record High

The iShares Gold Trust (IAU) finds itself in the midst of significant price swings following an extraordinary rally. After reaching an unprecedented peak of $4,381.58 per ounce on October 20, the precious metal has undergone a substantial correction, declining to $3,980 by October 30. This volatility reflects broader market forces currently influencing gold valuations.

A key development fueling gold’s appeal emerged on October 30, when the Federal Reserve implemented a 25 basis point reduction, bringing the benchmark interest rate to a range of 3.75%-4.00%. This monetary easing, occurring alongside persistent geopolitical friction and ongoing trade disputes, has significantly boosted interest in gold as a traditional safe-haven asset. The metal’s rapid ascent from $3,500 to $4,000—achieved Read more...