Elevation Point Wealth Partners LLC Purchases New Shares in GraniteShares Gold Trust $BAR

Elevation Point Wealth Partners LLC purchased a new position in shares of GraniteShares Gold Trust (NYSEARCA:BAR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 42,383 shares of the company’s stock, valued at approximately $1,613,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Archer Investment Corp acquired a new stake in shares of GraniteShares Gold Trust during the second quarter worth about $30,000. Citadel Advisors LLC acquired a new position in GraniteShares Gold Trust in the 3rd quarter valued at about $201,000. Lido Advisors LLC acquired a new position in GraniteShares Gold Trust in the 2nd quarter valued at about $205,000. World Investment Advisors purchased a new stake in GraniteShares Gold Trust during the 3rd quarter valued at approximately $205,000. Finally, Sapient Capital LLC purchased a new stake in GraniteShares Gold Trust during the 3rd quarter valued at approximately $211,000.

Key Stories Impacting GraniteShares Gold Trust

Here are the key news stories impacting GraniteShares Gold Trust this week:

• Positive Sentiment: Ongoing Middle East conflict continues to support periodic safe-haven demand for gold, providing episodic upward pressure on bullion and, by extension, gold-backed trusts like BAR. Gold Edges Higher Amid Ongoing Middle East Conflict
• Positive Sentiment: Multiple market reports note “buyers on dips” and support around recent price levels, which can limit downside for BAR and encourage short-term accumulation. Gold Price Analysis – Gold Continues to See Support on Dips
• Positive Sentiment: Structural supply commentary (World Gold Council coverage) highlights gold’s long-term scarcity/resilience, underpinning bullion’s role as a store of value. Gold supply and price are extremely resistant to depletion or potential manipulation by miners – World Gold Council
• Neutral Sentiment: Analysts and technical desks expect continued volatility (driven by rates, central banks and geopolitical headlines), which makes short-term direction uncertain for BAR holders. Gold Weekly Price Analysis – Gold Continues to See Rates, Central Banks, and War Drive Pricing
• Neutral Sentiment: Intraday and short-term technical level guides are being actively used by traders; this increases trading noise but doesn’t definitively change BAR’s fundamental exposure to bullion. Gold market analysis for March 13 – key intra-day price entry levels for active traders
• Negative Sentiment: A stronger U.S. dollar and rising Treasury yields are repeatedly cited as capping gold’s upside; these macro forces are the primary bearish drivers for BAR today. Gold (XAUUSD) Technical Analysis: Strong Dollar Caps Upside Despite US-Iran Tensions
• Negative Sentiment: Technical setups cited by several outlets (bear flags, rising-wedge breakdowns) signal potential further downside for spot gold, which would likely pressure BAR. Gold (XAU/USD) Price Forecast: Bear Flag Signals Further Weakness
• Negative Sentiment: Rising inflation expectations and oil-driven inflation risk are prompting investors to price in less near-term Fed easing, which supports yields and the dollar — a headwind for gold and BAR. Gold Falls as Rising Oil Prices Spur Inflation Worries

GraniteShares Gold Trust Stock Down 1.3%

GraniteShares Gold Trust stock opened at $49.40 on Monday. The stock has a 50 day moving average of $48.70 and a two-hundred day moving average of $42.87. GraniteShares Gold Trust has a twelve month low of $29.17 and a twelve month high of $54.63.

About GraniteShares Gold Trust

The GraniteShares Gold Trust (BAR) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less trust expenses and liabilities, using physically held gold stored and secured in vaults in London. BAR was launched on Aug 31, 2017 and is managed by GraniteShares.