abrdn Physical Gold Shares ETF (SGOL) News Today

abrdn Physical Gold Shares ETF (SGOL) has seen its share price decrease as investors digest a mix of profit-taking and signals from recent Federal Reserve actions. While short-term volatility persists, long-term outlook for gold remains supported by expected rate cuts and institutional positioning.

• Positive Sentiment: Analysts suggest boosting gold allocations as the Fed restarts its easing cycle, reinforcing the case for gold ETFs. How much gold should investors hold as the Fed restarts its easing cycle?
• Positive Sentiment: Bank of America notes gold “always rallies” after rate cuts in a stubborn inflationary environment, bolstering ETF demand. Gold always rallies when the Fed cuts rates in a stubborn inflationary environment
• Positive Sentiment: SocGen moves to a maximum 10% gold allocation ahead of the new Fed easing cycle, signaling strong institutional demand. SocGen takes 10% maximum gold position ahead of new Fed easing cycle
• Positive Sentiment: Deutsche Bank raises its gold price forecast to $4,000 by next year, highlighting further upside potential. Gold momentum continues, Deutsche Bank eyes $4,000 next year
• Positive Sentiment: Gold sees strong buying despite a post-Fed pullback, with analysts at FX Empire affirming the uptrend remains intact. Gold sees strong buying despite post-Fed pullback, uptrend is intact - FX Empire's Lewis
• Neutral Sentiment: Spot gold consolidates around $3,668/oz after a stronger-than-expected Philly Fed survey, reflecting mixed economic data. Spot gold trades at $3,668/oz after Philly Fed survey rises to 23.2 in September
• Neutral Sentiment: Market analysts outline key intra-day entry levels for active traders as gold weathers Fed uncertainty. Gold market analysis for September 18 - key intra-day price entry levels for active traders
• Negative Sentiment: Short-term profit-taking and a downside correction apply pressure on gold prices, driving intermittent pullbacks. More profit-taking pressure in gold amid downside correction
• Negative Sentiment: Some analysts warn gold “bugs” to watch for warning signals after this year’s surge, suggesting potential for volatility. Gold Bugs Should Watch Out For These Warning Signals