abrdn Physical Gold Shares ETF

SGOL

Market cap $7.89B

Gold declined in early Asian trade on a likely technical correction and possible profit-taking after front-month Comex gold futures settled at a record high overnight.

Gold printed another all-time high and is on track for a record close, reinforcing the bull trend as buyers defend rising moving-average support and target higher resistance zones.

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.

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.

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.

The gold market continues to be very strong during trading on Wednesday, as the geopolitical risks and central bank accumulation continue to drive prices higher.

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.

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.

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.

Gold hits record $4,635 as Iran tensions and Fed uncertainty fuel rally. Analysts eye $5,000 target sooner than expected amid geopolitical chaos.