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GOLD

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--%
1d
1w
1m

Analysis and statistics

  • Open
    91.9203$
  • Previous Close
    92.9168$
  • 52 Week Change
    --
  • Day Range
    -1.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

The ETF with the symbol GOLD.STU refers to the Absa NewGold ETF listed on the Johannesburg Stock Exchange (JSE) in South Africa. This ETF is designed to track the price of gold bullion. Each NewGold security represents a fraction of an ounce of gold held in trust on behalf of investors. Investors can buy and sell NewGold securities like any other share listed on the JSE, providing a convenient and liquid way to gain exposure to the gold market. The value of the GOLD.STU ETF is directly linked to the fluctuating price of gold, making it a popular choice for investors seeking to diversify their portfolios or hedge against inflation.

Gold Intraday: the bias remains bullish.

Long positions above 4275 with targets at 4335 & 4353 in extension.

2025 Dec 16 21:49
Gold
  • Our preference: long positions above 4275 with targets at 4335 & 4353 in extension.
  • Alternative scenario: below 4275 look for further downside with 4257 & 4240 as targets.
  • Comment: the RSI is mixed with a bullish bias.

Supports and resistances:

  • 4375 - Resistance *
  • 4353 - Resistance **
  • 4335 - Resistance ***
  • 4304 Last - Last
  • 4275 - Support ***
  • 4257 - Support **
  • 4240 - Support *

Factors

Gold Price: GOLD.STU ETFs primarily reflect spot gold prices. Increased gold demand or decreased supply raise prices.

Currency Fluctuations: Changes in the US dollar's value affect gold prices, often inversely. A weaker dollar makes gold cheaper for foreign buyers, increasing demand.

Interest Rates: Higher interest rates typically decrease gold's appeal as other investments become more attractive.

Inflation: Gold is often seen as an inflation hedge. Rising inflation can increase gold demand and prices.

Geopolitical Risk: Political instability or economic uncertainty often drive investors to gold as a safe haven asset, increasing its price.

ETF Demand: Increased investor demand for GOLD.STU specifically can drive up its price, even if underlying gold prices remain stable.

Supply Chain: Disruptions in gold mining or refining can impact supply and therefore affect the price.

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