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.
6 June
Gold News
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The US tariff policy and the resulting uncertainty in the global economy have increased the already high demand for gold as a safe haven asset, while the impact on the gold jewelry sector has turned out to be different.
22 April
Investors are piling into gold and other safe-haven assets due to escalating trade tensions
Fearing threats to the economy, investors have begun to shift capital into safe-haven assets. According to Bloomberg Intelligence, inflows into ETFs focused on gold, short-term bonds, and low-volatility stocks have reached their highest levels since March 2023.
22 April
Veritas Investment Research analyst expects gold rally to continue
On Monday, the price of gold hit a record high once again, reflecting a growing safe-haven demand amid uncertainty in global financial markets, as reported by Yahoo Finance.
22 April
Consumers sell off jewelry after gold prices jump to $3,400
Tobina Kahn, president of US jewelry company House of Kahn Estate Jewelers, told Kitco News that the industry is now experiencing a rush of customers looking to sell their jewelry.
22 April
Gold surged 1.4% on Tuesday, hitting new all-time highs. The rally was driven by investor concerns over US President Donald Trump's mounting pressure on Federal Reserve Chairman Jerome Powell.
22 April
Wall Street forecasts further rise in gold prices due to persistent trade tensions
Gold prices hit fresh all-time highs this week, with year-to-date gains topping 25%. Wall Street analysts expect the rally to continue, as investors flock to safe-haven assets amid growing fears of a US recession and ongoing trade tensions, Yahoo Finance reports.
21 April
Gold surged 1.7% on Monday, hitting an all-time high of $3,385 per ounce. The hike was fueled by the escalating trade conflict between the US and China.
21 April
An increase of the indicator value may contribute to the rise in quotes of Gold.
18 April
Investors are now turning back to gold as their key safe-haven asset, JPMorgan said in a report released Thursday. The bank noted that significant capital is moving out of Bitcoin into exchange-traded funds (ETFs) and precious metals derivatives.
18 April
Gold returns back to Switzerland following exemption from US tariffs
Gold that traders had been rushing to ship to New York since December, fearing potential US duties on imports, is now flowing back to Switzerland. The metal has been excluded from US President Donald Trump's latest tariff list, Reuters reports.
18 April
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.
Events impacting the gold market
- Global economic fluctuations. When the global economy changes, the price of gold is likely to react. The focus here is on seeking stability when faced with uncertainty.
- Political risks. Conflicts and political events can affect the demand for gold, too. The metal often serves as a safe-haven asset in tumultuous times.
- Real-time news. Exchanges are constantly reporting on current gold prices. Keep an eye on such news to stay informed.
- Economic reports. The release of economic reports and data can cause fluctuations in gold prices.
- Dollar influence. Pay attention to the dollar, as sometimes its exchange rate can have an impact on gold prices.
Gold in investment and finance
- Investing in gold. Many people choose the yellow metal as a long-term asset.
- Safety and confidence. Gold is considered to be a relatively "risk-free" asset that can add more stability to your portfolio.
Why follow gold news?
- To make better decisions. Knowing about the latest news helps in making informed investment decisions.
- To minimize risks. Keeping up with the news allows you to react quickly to changing market conditions.
