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.
Citi Research hikes gold price target to $3,500 per ounce, up from $3,200 per ounce. The revision was influenced by recent buying activity from Chinese insurers and increased investor interest in the precious metal amid escalating trade uncertainties.
The latest Weekly Gold Survey by Kitco News indicates a slight weakening of the bullish sentiment of experts and retail traders towards gold prices. However, overall expectations for the main precious metal remain optimistic.
Gold prices reached record highs in 2025, increasing more than 20% amid economic concerns and global trade tensions. After Trump announced the new tariffs on April 2, the precious metal's value jumped 10%, according to experts from TheStreet.
Gold pulled back from a record high of $3,357 an ounce on Thursday as investors took profits after a recent rally. Increased demand for the bullion was driven by escalating global trade uncertainties and new US restrictions on microchip shipments to China.
The Australia and New Zealand Banking Group (ANZ) predicts gold to hit $3,600 per ounce by the year-end. The bank has also upgraded its price forecast for the next 6 months from $3,200 to $3,500 per ounce.
According to the WGC, gold prices both in China's domestic market and international one steadily climbed towards new record highs in Q1 of 2025. The rally gained significant momentum in March. Kitco News noted increasing inflows into gold-backed ETFs and cooling jewelry demand in China.
After reaching a record high on Monday, the price of gold rushed to another peak. On Wednesday, it hit a new all-time high near $3,275 per ounce. According to Bloomberg, the US President's unpredictable tariff policy keeps alarming the markets and stimulating demand for safe-haven assets.
Gold prices are on the rise amid continued uncertainty over Donald Trump's trade tariffs. Experts at Heraeus predict that the precious metal could find further support if the Federal Reserve decides to ease its monetary stance.
A decrease of the indicator value may contribute to the rise in quotes of Gold.
Gold prices rose 0.4% on Tuesday amid ongoing uncertainty over US President Donald Trump's tariff plans and their potential impact on the global economy.
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.