Gold ETF Rally Accelerates as iShares Trust Tracks Record Metal Prices

The iShares Gold Trust (IAU) continues its upward trajectory, capitalizing on a powerful surge in the gold market. The precious metal has achieved unprecedented price levels, climbing more than 10% in a single month. Since the start of the year, its gains have reached a remarkable 40%.

A combination of macroeconomic forces is propelling gold to dizzying new heights. For international investors, the metal’s appeal is growing due to geopolitical instability and a weakening US Dollar. Concurrently, uncertainty surrounding the future interest rate decisions of the U.S. Federal Reserve is creating an ideal environment for gold to serve as a safe-haven asset.

Key sources of demand underpinning the rally include:
– Sustained, robust purchasing of gold by... Read more...