The World Gold Council (WGC) reported that gold-backed exchange-traded funds (ETFs) posted a net outflow of 19.1 tons ($1.83 billion) in May, marking the first monthly withdrawal in five months.
The World Gold Council (WGC) reported that gold-backed exchange-traded funds (ETFs) posted a net outflow of 19.1 tons ($1.83 billion) in May, marking the first monthly withdrawal in five months.
According to Money Metals, central banks kept buying gold in the first quarter of 2025. Significant gold buyers were China, Qatar, Turkey, Egypt, and Azerbaijan. De-dollarization remains a key factor driving metal buying.
CoinDesk highlights a shift in activity in the gold market, with purchases by central banks slowing down and demand from exchange-traded funds (ETF) and gold-backed cryptocurrencies rising.
A decrease of the indicator value may contribute to the fall in quotes of Gold.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
While the dollar and euro remain major reserve currencies, the dominance of the former is beginning to wane. Central banks are feeling the need to diversify into non-traditional currencies.
World Bank analysts have revised their 2025 gold price forecast upward. While the organization maintains its growth expectations for silver, it acknowledges that the white metal will likely take a backseat to gold.
According to a report by the World Gold Council (WGC), global gold demand rose to 1,206 tons in the first quarter of 2025, up 1% from the same period last year.
The gold market is showing heightened volatility, hovering around the $3,300 per ounce support level. While trade tensions have eased somewhat, the threat of renewed conflict remains. A potential escalation could push gold toward $4,000 per ounce, according to Bernard Dahdah, an analyst at Natixis.
Gold prices have surged more than 25% this year, discouraging many Indian buyers during the crucial wedding and festival season. With prices now above $1,172 per 10 grams, many buyers are staying on the sidelines.
Gold is not just glitter and beauty, but also a key asset in the financial sector.
Gold appears to be something more than just a metal. It is an indicator of economic stability and a tool for managing finances.
Staying up-to-date with the latest gold news is a key to successful management of your funds.