Aberdeen Physical Gold Shares ETF Benefits from 65% 2025 Rally to $4,560

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Spot gold rallied roughly 65% in 2025 to a record near $4,560 per ounce before retracing over 4% to about $4,400, boosting demand for ETFs like AAAU. Analysts see 2026 gold trading between $4,000 and $5,000 per ounce, with Goldman Sachs at $4,900, State Street at $4,000–$4,500.

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