abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Hits New 12-Month High – Should You Buy?

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.21 and last traded at $42.20, with a volume of 395201 shares changing hands. The stock had previously closed at $41.36.

abrdn Physical Gold Shares ETF News Summary

Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:

• Positive Sentiment: Record gold prices on rising geopolitical risk and safe‑haven demand lift SGOL — multiple reports show gold breaking above $4,500/oz as tensions (U.S.–Venezuela, China–Japan, Eastern Europe) and safe‑haven flows push bullion to new highs. Gold Climbs Above $4,500/oz for First Time Amid Rising Geopolitical Tensions
• Positive Sentiment: Bullish momentum and inflows — technical breakouts and strong inflows are cited alongside forecasts calling for higher targets, reinforcing upside for physical‑gold ETFs. Gold (XAU/USD) Price Forecast: New Record $4,498 – $4,552 Extension Next
• Positive Sentiment: Large sovereign/physical flows support the market — reports of nearly $1bn of Chinese bullion purchases from Russia underscore strong physical demand that underpins ETF holdings. Largest bilateral gold trade in history? China buys nearly $1 billion in bullion from Russia in November alone
• Neutral Sentiment: Market drivers and investor guides — coverage explaining how investors buy gold and what fuels demand provides context but doesn’t change fundamentals immediately. How investors buy gold and what fuels the market
• Neutral Sentiment: Technical/trading notes — intra‑day entry levels and analysis are guiding short‑term traders; useful for timing but less impactful on long‑term ETF flows. Gold market analysis for December 23 – key intra-day price entry levels for active traders
• Negative Sentiment: Short‑term pullbacks tied to U.S. data — consumer‑confidence drops and mixed economic prints have triggered session‑level slides at times, increasing volatility for gold and SGOL. Spot gold slides to session low after U.S. Consumer Confidence falls to 89.1 in December
• Negative Sentiment: Stronger U.S. growth can be a headwind — reports noting higher GDP and durable‑goods data have the potential to temper gold upside if they tighten Fed expectations. Spot gold near $4,490/oz after U.S. GDP growth rises 4.3% in Q3

abrdn Physical Gold Shares ETF Trading Up 1.3%

The company has a fifty day simple moving average of $39.66 and a two-hundred day simple moving average of $35.57.

Hedge Funds Weigh In On abrdn Physical Gold Shares ETF

Large investors have recently bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in abrdn Physical Gold Shares ETF during the 2nd quarter worth $27,000. Ameritas Advisory Services LLC acquired a new stake in shares of abrdn Physical Gold Shares ETF during the second quarter worth $28,000. Sound Income Strategies LLC bought a new stake in abrdn Physical Gold Shares ETF in the third quarter valued at about $34,000. Glass Jacobson Investment Advisors llc bought a new stake in abrdn Physical Gold Shares ETF in the third quarter valued at about $37,000. Finally, Anfield Capital Management LLC acquired a new position in abrdn Physical Gold Shares ETF in the third quarter valued at about $37,000.

About abrdn Physical Gold Shares ETF

The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.