iShares Gold Trust [IAU] Stock Forecast

Amid a soaring U.S. dollar, XAU/USD spot values slump, reflecting market anticipation of rising interest rates.

This decline also tests the 78.6% Fibonacci retracement zone at 1,900, further intensifying concerns about gold's future price trajectory.

(Kitco News) - The gold market is trading near a five-week low as the U.S. dollar and 10-year bond yields consolidate at elevated levels; however, according to one market strategist, gold still remains an essential safe-haven asset.

Precious metals are moving lower as U.S. dollar tests new highs.

(Kitco News) - Gold prices will continue to be held back by the Fed's higher-for-longer policy stance, while silver supplies appear capable of meeting even upwardly revised solar demand, according to the latest precious metals report from Heraeus.

(Kitco News) - Gold and silver prices are down and near daily lows in midday U.S. trading Tuesday. U.S. Treasury yields are on the rise and near multi-year highs, while the U.S. dollar index today scored a 6.5-month high.

Consumers expressed concerns about rising prices, political situation, and higher interest rates.

(Kitco News) - Gold continued to trade near session lows on Tuesday morning after the latest data showed the U.S. housing market declined sharply in August as far fewer consumers than expected bought new homes.

(Kitco News) - The gold market continues to trade near session lows and is seeing little demand as a safe-haven asset even as consumer optimism falls more than expected in September.

The gold markets drifted a little bit lower during the trading session on Tuesday early, but it looks as if the 200-Day EMA continues to be a major influence.

iShares Gold Trust is a US stock and trading under the symbol IAU

iShares Gold Trust stock price is $35.4699 today.

Yes, iShares Gold Trust is a publicly traded company.