abrdn Physical Gold Shares ETF (SGOL) News Today

abrdn Physical Gold Shares ETF (SGOL) saw its share price decrease as U.S. economic data and mixed market signals influenced bullion demand. Below are the key factors driving sentiment:

• Positive Sentiment: Gold and silver rose on a weaker dollar and dipping bond yields, boosting demand for bullion. Gold, silver gain amid weaker USDX, dip in bond yields
• Positive Sentiment: Analysts note gold is forming a floor amid consolidation and looking to resume its overall uptrend. Gold Price Outlook – Gold Continues to Look for Momentum
• Positive Sentiment: Falling yields and rate cut bets underpin bullish gold outlook, provided key technical levels hold. Gold News: Traders Watch Fed Policy Clues and Inflation Data for Gold Price Prediction
• Positive Sentiment: Long-term bullish view as investors skeptical of fiat currencies drive forecasts of gold doubling over the next 5–10 years. Gold price could double in 5-10 years as investors become skeptical of fiat currencies
• Positive Sentiment: Barron’s recommends buying Newmont, highlighting miners’ undervaluation in the current bull market. Gold Miner Newmont Is Undervalued in This Bull Market. Buy the Stock.
• Neutral Sentiment: Lancaster Resources started desk and field studies at Lake Cargelligo, but this early exploration activity has limited impact on bullion ETFs. Lancaster Resources begins field work at Lake Cargelligo gold project in Australia
• Neutral Sentiment: C3 Metals commenced diamond drilling at its Bellas Gate copper-gold project, a development unlikely to sway bullion-backed ETF flows. C3 Metals starts drilling at Bellas Gate copper-gold project in Jamaica
• Neutral Sentiment: World Gold Council reports cooled jewelry demand in China for July, though potential rebound offers mixed signals. China's gold market cools in July, but jewelry demand could rebound – World Gold Council
• Neutral Sentiment: UBS highlights gold miners’ robust gains year-to-date, though this mining equities rally may not directly lift bullion holdings. Gold market strength boosts equities as UBS sees room for more gains
• Neutral Sentiment: Analysts observe consistent dip buying in gold but await clearer signals on U.S. monetary policy. Gold Price Outlook – Gold Continues to Find Buyers on Dips
• Negative Sentiment: Hotter-than-expected U.S. producer inflation data spurred gold and silver sell-offs, pressuring bullion. Hotter U.S. producer inflation data sparks sell-offs in gold, silver
• Negative Sentiment: U.S. PPI jumped 0.9% in July, driving gold to session lows amid concerns over rising inflation. Gold price takes a hit as U.S. PPI jumps 0.9% in July
• Negative Sentiment: Spot gold dipped near session lows after U.S. weekly jobless claims fell more than expected, bolstering rate-hike bets. Spot gold trades near session lows after U.S. weekly jobless claims fall to 224k
• Negative Sentiment: Precaution ahead of U.S. PPI data kept mild downward pressure on gold and silver prices. Mild price pressure on gold, silver ahead of U.S. PPI