GraniteShares Gold Trust (NYSEARCA:BAR) Stock Break Below 200 Day Moving Average – Should You Sell?

GraniteShares Gold Trust (NYSEARCA:BAR) shares passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $43.03 and traded as low as $40.08. GraniteShares Gold Trust shares last traded at $40.35, with a volume of 198,559 shares changing hands.

GraniteShares Gold Trust News Summary

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

• Positive Sentiment: Gold rebounded from the $4,000 demand zone for a second week as lower real Treasury yields encouraged buying. Continued weakness in real yields could support BAR because the trust is designed to track physical gold. Gold Weekly Price Forecast – Gold Tests $4,000 Demand Zone as Lower Real Yields Offer Support
• Positive Sentiment: A weaker dollar and falling Treasury yields helped gold recover, while prices held technical support near $4,103-$4,176. A break above the $4,201 area could improve bullish sentiment toward gold and BAR. Gold and Silver Price Forecast
• Neutral Sentiment: Gold was near session highs even as New York manufacturing activity strengthened, but worsening price pressures highlighted the conflicting economic signals facing precious metals. Spot Gold Near Highs After New York Manufacturing Index Rises
• Neutral Sentiment: Reports that the U.S. may ease sanctions on shadow-fleet tankers to reduce freight costs could affect inflation and geopolitical risk, but the near-term effect on gold and BAR is uncertain. U.S. Considers Easing Sanctions on Shadow Fleet Vessels
• Negative Sentiment: Hot inflation data, including a 6.3% PPI reading, is keeping Federal Reserve rate-hike expectations—particularly for December—in focus. Higher-for-longer rates and rising yields would increase the opportunity cost of holding gold. Gold Price Forecast: Warsh Eases October Hike Pressure
• Negative Sentiment: BAR shares recently broke below their 200-day moving average, a bearish technical signal that may encourage further selling. Gold also faces downside risks toward the $4,066, $4,028 and $3,942 support zones if selling pressure returns. GraniteShares Gold Trust Shares Break Below 200 Day Moving Average

GraniteShares Gold Trust Price Performance

The company’s fifty day moving average is $42.68 and its two-hundred day moving average is $43.01.

Hedge Funds Weigh In On GraniteShares Gold Trust

Several large investors have recently made changes to their positions in the company. Mason & Associates Inc increased its holdings in GraniteShares Gold Trust by 6.9% in the 2nd quarter. Mason & Associates Inc now owns 206,312 shares of the company’s stock worth $8,156,000 after acquiring an additional 13,400 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of GraniteShares Gold Trust by 31.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 208,685 shares of the company’s stock worth $9,627,000 after buying an additional 49,640 shares in the last quarter. Hanseatic Management Services Inc. acquired a new position in GraniteShares Gold Trust during the first quarter worth about $1,276,000. Rockefeller Capital Management L.P. lifted its stake in GraniteShares Gold Trust by 3.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 463,694 shares of the company’s stock worth $19,702,000 after purchasing an additional 13,833 shares in the last quarter. Finally, IMC Chicago LLC increased its holdings in shares of GraniteShares Gold Trust by 299.2% in the second quarter. IMC Chicago LLC now owns 35,661 shares of the company’s stock valued at $1,410,000 after purchasing an additional 26,728 shares during the last quarter.

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.