Goldman Sachs Physical Gold ETF Shares (AAAU)
Company News
US gold reserves have reached a market value of $1 trillion, with gold prices nearing $3,840 per ounce, despite the country's global gold reserve share hitting a 90-year low. Central banks like China, Russia, and India have been actively accumulating gold while the US has remained passive.
The article discusses three ETFs that allow investors to gain exposure to physical gold without the need for storage. The ETFs mentioned are GraniteShares Gold Trust (BAR), Goldman Sachs Physical Gold ETF (AAAU), and Sprott Physical Gold (PHYS).
ServiceNow's stock dropped over 5% after an analyst from Goldman Sachs reduced the company's price target, citing potential impacts to its public sector business. However, the analyst maintained a buy recommendation, noting ServiceNow's improving fundamentals and integration of AI capabilities.
BSTR Miner announced an upgrade to its 'Stress-Resistant Mining Plan' to help miners cope with rising costs and declining profitability due to increased mining difficulty. The plan offers features like zero-cost startup, multiple income streams, and smart contract options to reduce risks and improve efficiency for miners.
Look into gold ETFs as rising geopolitical tensions, increasing probability of an interest rate cut and central banks increasing their purchase of the precious metal drive the rally behind gold prices and demand.