GraniteShares Gold Trust (NYSEARCA:BAR) Sets New 12-Month High – Still a Buy?

GraniteShares Gold Trust (NYSEARCA:BAR) reached a new 52-week high during trading on Monday . The stock traded as high as $50.16 and last traded at $50.1720, with a volume of 160526 shares traded. The stock had previously closed at $49.09.

More GraniteShares Gold Trust News

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

• Positive Sentiment: Gold jumped to a fresh record above $5,000/oz as investors sought shelter from geopolitical tensions, directly supporting demand for gold-backed trusts and ETFs. Gold rushes to record high above $5,000/oz
• Positive Sentiment: Safe-haven flows and a weak dollar pushed gold to new intraday records (above $5,100 in some sessions), increasing momentum for bullion ETFs and raising the likelihood of continued inflows to BAR. Gold races to $5,100 record peak
• Positive Sentiment: Analysts and markets see further upside for gold (some forecasts toward $5,400–$6,000) backed by central-bank buying and geopolitical risk — a bullish backdrop for BAR’s underlying asset. Gold has more room to run
• Positive Sentiment: Mining stocks and other gold-related equities have jumped alongside bullion, indicating broad market recognition of the rally and supporting ETF flows that often benefit products like BAR. Newmont, Freeport, and Other Mining Stocks Jump
• Neutral Sentiment: Macro reports such as a sharp rise in U.S. durable-goods orders had little immediate impact on gold’s move higher, suggesting the rally is being driven more by geopolitical/safety flows than near-term economic data. U.S. durable goods rise sharply in November barely impacts gold
• Neutral Sentiment: Silver’s recent rally may be topping as higher prices hit industrial demand — a mixed signal for precious-metals sentiment but not directly negative for gold-focused trusts like BAR. Silver’s rally may be topping
• Negative Sentiment: Some analysts warn the rally is parabolic and a correction could occur (Fed meetings and profit-taking are near-term risks), which could temporarily reverse inflows into gold ETPs including BAR. Gold News: XAU Breakout Above $5000

GraniteShares Gold Trust Trading Up 2.0%

The stock has a fifty day moving average price of $43.07 and a two-hundred day moving average price of $38.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in shares of GraniteShares Gold Trust by 11.3% during the second quarter. Farther Finance Advisors LLC now owns 3,135 shares of the company’s stock valued at $102,000 after purchasing an additional 318 shares in the last quarter. Clear Point Advisors Inc. raised its position in shares of GraniteShares Gold Trust by 0.6% during the 2nd quarter. Clear Point Advisors Inc. now owns 97,126 shares of the company’s stock worth $3,110,000 after buying an additional 600 shares in the last quarter. Defined Financial Planning LLC acquired a new stake in shares of GraniteShares Gold Trust in the 2nd quarter worth approximately $1,377,000. DMC Group LLC lifted its stake in shares of GraniteShares Gold Trust by 23.5% in the 2nd quarter. DMC Group LLC now owns 11,840 shares of the company’s stock worth $386,000 after acquiring an additional 2,252 shares during the period. Finally, Leo Wealth LLC bought a new position in shares of GraniteShares Gold Trust in the second quarter valued at approximately $562,000.

GraniteShares Gold Trust Company Profile

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.