In trading on Tuesday, shares of the iShares Gold Trust ETF (IAU) fell to a low of $79.68 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 29.8. An asset is considered oversold when the RSI falls below 30, which may indicate a potential reversal after heavy selling. In contrast, the RSI for the S&P 500 is currently at 46.8.
The iShares Gold Trust has a 52-week range with a low of $61.37 and a high of $104.40, trading down approximately 1.7% on the day. The latest trade for IAU was at $80.06.
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