IAU: Gold Can Continue Climbing Higher

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About: iShares Gold Trust ETF (IAU)
by: Sankalp Soni
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Sankalp Soni
Macro, long-term horizon, long only, Growth
Summary

The iShares Gold Trust ETF has rallied by 11.46% from its 52-week low, even amid financial market turmoil in Q4 2018.

Economic data continues to weaken, further supporting a more dovish monetary policy approach from the Fed.

Certain Fed members such as James Bullard believe the Fed may have already raised rates too far, increasing the chances of a rate cut in the near future.

The iShares Gold Trust ETF (NYSEARCA:IAU) has rallied by about 11.46% from its 52-week low in August 2018, and is one of the few securities that performed relatively well during the Q4 market