US Gold Reserves Value: The market value of the United States' gold reserves has surpassed $1 trillion for the first time, driven by a significant rise in gold prices, which are nearing $3,840 per ounce.
Declining Global Influence: Despite the soaring valuation, the U.S. share of global gold reserves has fallen to a 90-year low, now accounting for only 20% of the total, as other countries aggressively accumulate gold.
Investor Sentiment: A recent survey indicates that a speculative frenzy around gold has not yet developed, with 39% of fund managers having no allocation to gold in their portfolios, suggesting potential for further price increases.
Gold ETFs Performance: Various gold and gold miner exchange-traded funds (ETFs) have shown strong year-to-date and one-year performance, reflecting the ongoing interest in gold investments amid rising prices.
Wall Street analysts forecast SGOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SGOL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SGOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SGOL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 45.990
Low
Averages
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Current: 45.990
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
