SGOL is trading 3.4% up as Treasury yields fall and the dollar weakens after U.S. Treasury plans to at least double long-term bond buybacks.

  • Gold’s August 18 decline reflected surging yields and energy-inflation concerns.
  • Gold rose as much as 2.9% intraday; investors await the 2:00 PM FOMC Minutes, while Middle East tensions support safe-haven demand.
  • SGOL holds allocated physical gold, so spot-gold prices primarily drive performance over equities.