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IAU

iShares Gold Trust

http://www.ishares.com

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Asset Management

The Trust seeks to reflect such performance before payment of the Trust’s expenses and liabilities. It is not actively managed. The Trust does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of gold. The advisor intends to constitute a simple and cost-effective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes complicated arrangements in connection with the assay, transportation, warehousing and insurance of the metal.

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Bank of America projects gold prices to rise to $2,500-$2,600 per ounce, advocating for physical gold ETFs like iShares Gold Trust Micro (IAUM) and SPDR Gold Minishares Trust (GLDM) over miners for equity investors. The report highlights gold's hedging quality and central bank purchases as key drivers of its rally, noting a potential demand increase from retail investors. For mining exposure, Barrick Gold Corp. (GOLD) and Newmont Corp. (NEM) are recommended, with a preference for iShares MSCI Global Gold Miners ETF (RING) and VanEck Gold Miners ETF (GDX) over other mining ETFs.

Portfolio Pulse from Piero Cingari

March 21, 2024 | 7:31 pm

Gold prices continue to rise, with speculators driving the price up at a rate not seen since 2019. Gold futures dipped slightly by 0.1% on Monday, but overall, gold added 4.3% over the last week. ETFs like SPDR Gold Shares ETF (GLD) and iShares Gold Trust ETF (IAU) saw similar gains. Analysts attribute the rise to a Goldilocks scenario and expect further increases due to geopolitical uncertainty and potential Federal Reserve policy changes. The VanEck Gold Miners ETF (GDX) and stocks like Newmont Goldcorp (NEM) and Barrick Gold Corp (GOLD) are also seeing positive movements.

Portfolio Pulse from Neil Dennis

March 11, 2024 | 3:29 pm

Global physically backed gold ETFs have experienced outflows for nine consecutive months, totaling $5.7 billion year-to-date, despite gold prices reaching all-time highs. The outflows are primarily from North America, with factors such as a strong labor market, higher inflation, and a potential Federal Reserve rate cut contributing to the trend. However, gold prices continue to rise due to speculative betting and physical demand, particularly from China. Central bank demand remains strong, supporting gold prices. Gold ETFs mentioned include SPDR Gold Trust (GLD), iShares Gold Trust (IAU), Abrdn Physical Gold Shares ETF (SGOL), and VanEck Gold Miners (GDX).

Portfolio Pulse from Stjepan Kalinic

March 08, 2024 | 8:31 pm

Gold ETFs, including SPDR Gold Shares ETF (GLD), iShares Gold Trust (IAU), and Granite Shares Gold Shares (BAR), have experienced outflows and price declines amid expectations of U.S. interest rate changes. The VanEck Gold Miners ETF (GDX) and its top holdings, Newmont Goldcorp (NEM), Barrick Gold Corp (GOLD), and Agnico Eagle Mines Limited (AEM), have seen significant declines due to rising production costs. The outlook for gold and gold ETFs remains uncertain as investors await clues on U.S. interest rate directions.

Portfolio Pulse from Neil Dennis

February 20, 2024 | 5:39 pm

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', commented on the recent pullback in gold and silver prices, advocating for a 'Dollar Cost Averaging' investment strategy. He revealed that he has been accumulating gold, silver, Bitcoin, and real estate for years. The iShares Gold Trust (NYSE:IAU) edged up 0.05% to $37.49 in premarket trading on Monday, while the iShares Silver Trust (NYSE:SLV) fell 0.47% to $21.30.

Portfolio Pulse from Shanthi Rexaline

October 23, 2023 | 8:57 am

DataTrek co-founder Nick Colas suggests that gold is a better investment than stocks and bonds, despite underperforming the S&P 500. He argues that demand for gold from central banks and potential geopolitical tensions could drive gold prices higher. He recommends five gold ETFs for investors who want to go long on gold: SPDR Gold Trust (GLD), SPDR Gold MiniShares Trust (GLDM), iShares Gold Trust (IAU), VanEck Gold Miners ETF (GDX), and Goldman Sachs Physical Gold ETF (AAAU).

Portfolio Pulse from Aaron Bry

August 30, 2023 | 5:18 pm

Gold and silver prices have edged higher today, with gold rising 0.16% to $1,940.15 and silver increasing 0.21% to $23.328. This comes ahead of the release of US inflation data.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:31 am

Otavio Costa, a portfolio manager at Crescat Capital, disagrees with the idea that gold has lost its safe-haven appeal. He believes gold is in the early stages of re-emergence as a safe haven asset, especially given the high levels of global debt. Central banks have been increasing their gold reserves, with 1,136 tonnes added in 2022, the highest in records since 1950. The SPDR Gold Trust (GLD) and the iShares Gold Trust (IAU) both fell in the last five days.

Portfolio Pulse from Bhavik Nair

June 30, 2023 | 11:00 am

Gold prices edged higher during Monday's Asian trading session due to Russia's internal chaos and a soft dollar. However, gains were capped by concerns over extended rate hikes by the Federal Reserve and higher-than-expected inflation. The SPDR Gold Trust (NYSE:GLD) and the iShares Gold Trust (NYSE:IAU) both closed higher on Friday.

Portfolio Pulse from Bhavik Nair

June 26, 2023 | 4:30 am

DoubleLine Capital CEO Jeffrey Gundlach predicts the US is on the verge of a recession, citing indicators such as ISM new orders and the purchasing managers' index. This contrasts with Goldman Sachs' recent reduction of the US recession probability from 35% to 25%. Gundlach's preferred portfolio mix consists of 30% stocks, 60% bonds, and 10% real assets, including gold.

Portfolio Pulse from Bhavik Nair

June 07, 2023 | 3:22 am

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