On August 19, Gold Trust Ishares rose 3.01% in regular trading, trading at $84.39/share, with turnover of $182 million. The gold-tracking ETF rallied sharply as spot gold prices surged more than $100 intraday, breaking above $4,440/oz to reach a two-month high with gains exceeding 3%.

The primary catalyst was a sharp decline in the US Dollar Index, which fell to 99 — its lowest level since June — dropping 0.65% intraday. Dollar weakness directly boosted gold pricing. Institutional sentiment reinforced the rally: UBS maintained that the gold bull run is far from over, projecting prices could reach $5,400 by September next year, while Wells Fargo analysts noted that bearish factors have been largely exhausted, forecasting $5,100 by year-end with central bank buying providing firm support.

Additionally, Hong Kong Exchange reported record single-day physical gold delivery of 145 kilograms on its USD gold futures contract, surpassing the previous 2018 record of 63 kilograms, underscoring robust physical demand.

The Trust seeks to reflect the performance of gold prices before payment of expenses. It is not actively managed and constitutes a cost-effective means of making an investment similar to an investment in physical gold.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)