Sprott Physical Gold Trust

Sprott Physical Gold Trust is a closed-end investment trust, which engages in investing and holding substantially all of its assets in physical gold bullion. Its investment objective is to provide a secure, convenient, and exchange-traded investment alternative for investors through investing primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and will not speculate with regard to short-term changes in gold prices. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.

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June's Fed pause could make way for more rate hikes, but potentially at a lesser pace. Despite that, a precious metals index is showing signs of bullishness despite prolonged sideways movement.

Precious Metals Index Hints at Bullishness Despite Hawkish Fed

The U.S. Dollar Index has been trending lower since late 2022, paving the way for a precious metals rally in 2023. The last few months in particular have seen strength in the World Bank's precious metals index.

Precious Metals Index Rallied in the Past 3 Months

As the capital markets await on a Fed pause on rate hikes, gold and palladium have been ticking higher. A pause may signify that eventually monetary policy easing could emerge as was expected heading into 2023.

Gold, Palladium Prices Tick Higher as Markets Await Fed Pause

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If market experts are correct, then gold's recent rally could extend beyond the short-term horizon. One analyst is predicting that it could push even higher in the next five years.

Market Analyst: Gold Could Push Even Higher in 5 Years

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As gold pushes to new highs, it could get an extra shove in the back from the U.S. Federal Reserve. A slowdown in interest rate hikes could be a major catalyst for gold prices to move even higher.

A Fed Pivot Can Continue to Push Gold to New Highs

Silver prices finished March on a high note, pushed by a confluence of factors. As the capital markets expect interest rate hikes to finally subside, silver prices could see more strength for the rest of the year.

Silver Prices End March on a High Note

Rising interest rates have been putting downward pressure on gold, but the shaky banking sector recently pushed prices past the $2,000 mark. With investor confidence in banks waning, this could continue to bolster gold prices as they seek to add precious metals for safety.

Shaky Banking Sector Pushes Gold Past $2,000

As the U.S. looks to avert a banking crisis, investors are shoring up their portfolios with gold. A renewed interest in the precious metal comes as investors assess the SVP Bank fallout.

Fallout From Potential Banking Crisis Spurs Investors to Seek Gold

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While gold equities were up almost twice as much as gold in January, they were down more than twice as much in February. On February 13, B2Gold announced an agreement to acquire junior developer Sabina Gold & Silver in an all-share transaction.

Gold M&A A Bright Spot Amid Volatility

As gold prices continue to retreat from its recent highs, China and India have been quick to buy the dips. This could prove to pay off in the long run if inflation and interest rate fears continue to rack the markets, upending the recent stock market rally.

Retreating Gold Prices is Ramping up Demand from China, India

The macroeconomic environment continues to center around inflation. It could either push investors to purchase more gold or accumulate riskier assets, depending on the latest inflation report.

Inflation Report Could Sway Gold Prices Significantly

So far, central banks have been voraciously eating up the global gold supply even with the expectation that rising interest rates will eventually subside.

Not Since 1967 Have Central Banks Purchased This Much Gold

Gold prices have been riding a six-week winning streak in terms of gains, but key economic data points could potentially stifle the rally. Nonetheless, gold hasn't seen this type of winning streak since the summer of 2020, a few months after the COVID-19 pandemic upended the broad stock market.

Gold Prices See 6 Weeks of Gains Amid Potential Headwinds

Gold prices are already moving 3% higher in 2023, which could mean that investors are expecting the U.S. Federal Reserve to slow down its pace of rate hikes. This clears the path for opportunities in gold-focused funds.

Higher Gold Prices Show Investors Are Betting on Slower Rate Hikes

Fed Chair Jay Powell said in his Stockholm speech this week that a central bank needs to be politically independent. That may be true, but it does not answer the question of what the choices are in the current US macro situation: 125% debt/GDP and rising, plus the record deficit.

In Case Of A U.S. Sovereign Debt Crisis, Gold May Be The Best Place To Hide

The stock market had its worst year since 2008 in 2022. However, investors who held gold in their portfolios were able to effectively hedge against the downturn as the precious metal declined less than its stock market counterparts.

Gold Was an Effective Hedge in 2022's Down Market

Gold could shine brighter in 2023 if central bank activity is an indicator of what's to come. Lately, central banks have been adding more gold, according to the World Gold Council (WGC).

Demand for Gold by Central Banks Rose Its Fastest in 55 Years

At its lowest point, gold prices were down about 10% for the year, but that narrative is starting to shift to the upside. One market analyst foresees gold pushing past the $2,000 mark in 2023 as the precious metal starts to show early signs of strength.

Gold Prices Could Push Above $2,000 in 2023, Says Market Analyst

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I am structurally bullish on gold and oil with a multi-year timeframe. Between the two, gold likely has the advantage fundamentally and in terms of current momentum over the next 6-12 months.

Gold Vs. Oil In 2023

It's that time of year again, as advisors and investors look at how they can harvest losses from their investments and reinvest the proceeds in the right funds and ETFs.

Tax Loss Harvest Gold ETFs in PHYS

Bitcoin's correlation to gold has ramped up in recent weeks, causing some investors to incorrectly speculate that it could once again contend with the yellow metal as an inflation-hedging store of value in the event of widespread economic collapse. Over the past 40 days, Bitcoin's correlation with gold is at .50.

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Spot gold prices were up 1% on Monday with the U.S. Dollar finally showing some weakness, slipping 1.2% amid faltering Treasury yields. Gold was at $1,656.09 and moving away from the two-week low it touched last week.

Gold and Silver Get Off the Mat

Gold is roughly fairly valued at the moment. The Sprott Physical Gold Trust (PHYS) is the superior way to own gold compared to other gold ETFs.

Sprott Physical Gold Trust: Inflation Hedge At A Discount

Gold and silver have both seen big turnarounds this week, with gold hitting a three-month high and silver seeing a huge surge. There are some investors wondering if the rally will be sustainable, but the technical indicators are looking good.

Gold and Silver Hit New Highs, Begin Reversing Gloomy Year

Gold and precious metals, like many sectors of the economy, have had a harrowing 2022. However, the gold market is experiencing some October momentum as fears of a global recession renew safe haven interest in the metal.

Gold's “Spooky Season” Might Be Ending This October

News for Sprott Physical Gold Trust ETF (PHYS)