VanEck Merk Gold Trust

OUNZ

Market cap $3.18B

Gold broke out to a new trend high, testing near-term support, with the next key upside target at $5,345 amid slow momentum conditions.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

“Positive,” according to an unnamed senior U.S. official who spoke to Axios, which reported Omani Foreign Minister Badr Al Busaidi, a mediator in the negotiations, said the talks have shown “significant progress.” Al Busaidi is meeting with Vice President JD Vance and other U.S. officials in Washington on Friday, with negotiations slated to continue next week.

Gold tested new highs as traders focused on geopolitical tensions and reacted to the U.S. Producer Prices report.

The primary uptrends in gold, silver, and the mining shares remain firmly in place, reinforcing the case for fresh highs into the second quarter.

The gold market has been sideways for the totally of the week, and Friday is just more of the same. This is a market that overall looks likely to find buyers eventually.

Gold price nears the $5250 breakout as Iran tensions rise. Traders watch key support and a potential gold rally toward all-time highs if conflict risk escalates.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.