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World gold demand rises in Q1 despite record-high prices - WGC
Seeking Alpha News (Wed, 1-May 8:07 AM ET)
Gold wraps up third straight monthly gain despite one-day drop as demand stays strong
Seeking Alpha News (Tue, 30-Apr 5:55 PM ET)
Gold edges higher ahead of this week's Fed rate decision meeting
Seeking Alpha News (Mon, 29-Apr 6:35 PM ET)
Gold's weekly loss worst since December as geopolitical risk premium eases
Seeking Alpha News (Fri, 26-Apr 5:50 PM ET)
The GraniteShares Gold Trust is designed to seek the performance of the price of gold, less trust expenses. GraniteShares Gold Trust (the Trust ) will issue GraniteShares Gold Shares ( Shares ) which represent units of fractional undivided beneficial interest in the net assets of the Trust. The Trust will seek to reflect generally the performance of the price of gold. The Trust will seek to reflect such performance before payment of the Trust s expenses and liabilities. GraniteShares LLC (the Sponsor ) is the sponsor of the Trust; The Bank of New York Mellon (the Trustee ) is the trustee of the Trust; and ICBC Standard Bank Plc (the Custodian ) is the custodian of the Trust.
Graniteshares Gold Trust Shares Of Beneficial Interest trades on the ARCA stock market under the symbol BAR.
As of May 1, 2024, BAR stock price climbed to $22.83 with 993,963 million shares trading.
BAR has a beta of -0.05, meaning it tends to be less sensitive to market movements. BAR has a correlation of 0.00 to the broad based SPY ETF.
BAR has a market cap of $1.04 billion. This is considered a Small Cap stock.
In the last 3 years, BAR stock traded as high as $24.03 and as low as $16.03.
BAR has underperformed the market in the last year with a price return of +15.9% while the SPY ETF gained +21.9%. However, in the short term, BAR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.5% vs +2.3% return in SPY. But in the last 2 weeks, BAR shares have been beat by the market, returning -3.3% compared to an SPY return of -0.6%.
BAR support price is $22.38 and resistance is $22.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BAR stock will trade within this expected range on the day.