VanEck Merk Gold Trust Price & Performance (OUNZ)

Gold prices exceeded $3,000 per ounce for the first time, driven by economic uncertainties and trade tensions. This milestone has bolstered demand for gold ETFs, with funds like SPDR Gold Trust and iShares Gold Trust seeing significant gains. Central bank purchases and inflation fears continue to support the metal's rally.12

The Van Eck Merk Gold Trust (OUNZ) hit a 52-week high, trading at $29.34. Institutional investors have been increasing their stakes in the fund, which tracks gold prices through physical holdings. Rising gold demand and geopolitical uncertainties have heightened its appeal to investors.3

Equinox Gold's $1.8 billion acquisition of Calibre Mining has met resistance from major shareholder Van Eck. Concerns about lack of synergy between the companies' operations have been cited. The deal comes amid record-high gold prices, which have spurred consolidation in the mining sector.4